please advise How much GST will be applicable on house construction contract given to builder for construction of house for self on my own plot in which builder will arrange material and labor and deliver house in ready to move in condition ( completion).
2) if agreement executed before GST implementation and half work done after GST implementation.
Warm regards
Menu
Urgent - GST on house construction by builder for self
Replies (2)
It is works contract.
All the bills received after July, 2017 will carry 18% GST.
But this work contract includes material also which has to be bought by him for giving possession of house in ready to move condition.
As he was supposed to pay GST on all the material bought for construction. which obviously he will be paying from my money (fixed 1500 ₹ / sqft) .
if I pay 18% on contact amount too, I will be paying GST twice for one purpose.
whereas, GST can be imposed only once for one purpose.
As he was supposed to pay GST on all the material bought for construction. which obviously he will be paying from my money (fixed 1500 ₹ / sqft) .
if I pay 18% on contact amount too, I will be paying GST twice for one purpose.
whereas, GST can be imposed only once for one purpose.
Recent Threads
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
Related Threads
CAclubindia
