Gst rate on House Construction contract.

This discussion clarifies the Goods and Services Tax (GST) rates applicable to house construction contracts and materials in the UK. It explains that while materials like cement and steel typically fall under the 18% or 12% GST bracket, construction contracts for immovable property are subject to an 18% GST rate. Importantly, it highlights that Input Tax Credit (ITC) for such construction is generally blocked under Section 17(5), with exceptions for amounts capitalised.