Dear All,
I wish to get my first Residential House constructed for which I have to find out a Contractor/ Builder. My questions are:
1. If I award the Construction Contract to a Contractor on a "Labour + Material" basis, will I have to pay the GST and if yes, then on what rates ?
2. In case I have to pay the GST, who will get the benefits of the Input Tax Credit for the GST paid by the Contractor to the Vendors of Construction Material like Cement, Steel, Bricks etc. ?
3. In case I decide to procure the Construction Material myself and only award the 'Labour Contract' to a Contractor, will I need to pay the GST too and if yes, then on what rates ?
CAclubindia
