what is the rate of gst applicable on works contract (construction of residential house under pradhan mantri awas yojna) & whether itc can be claim or not ?
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Gst on work contract under pmay
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If works contract is governmental contract then GST rate will be 12% otherwise 18% will be applicable.
ITC shall not be available for any work contract services. ITC for the construction of an immovable property cannot be availed, except where the input service is used for further work contract services.
ITC shall not be available for any work contract services. ITC for the construction of an immovable property cannot be availed, except where the input service is used for further work contract services.
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