Dear All, please advise, what about the taxation system for work contractor.
spose a work contractor take a contract for making a home for individual or for a commercial building and contract value approx 15lac including material.
Q.1 He will charge GST on 15lac.
Q.2 He can avail input on material.
you have to collect gst on 15 lac
and you can take input credit on material
CAclubindia
