1. 18%
2. Yes
3. No
GST on construction of residential building - single units
Hello, the scenario is as follows:- a. Mr.X (Contractor) enters into agreement with Mr. Y(final consumer) for construction of a house in a land owned by Mr. Y. b. Contract price is fixed at square feet basis. c. This is not a labour contract as materials will also be purchased by the Mr.X (Contractor himself). In this case, i need clarification on i. what will be the percentage of GST to be charged in the invoice raised by Mr.X. ii. whether input tax can be claimed by Mr.X for GST paid by him on registered input supplies and services iii. Whether Mr.X can be treat himself as a Pure agent and there by apply the GST only on his margin.
Asked 4 years ago in GST
Hi
1. Rate of GST will be 18%.
2. Yes he can claim
3. No. Broadly, speaking a pure agent is one who while making a supply to the recipient, also receives and incurs expenditure on some other supply on behalf of the recipient and claims reimbursement (as actual, without adding it to the value of his own supply) for such supplies from the recipient of the main supply
Hello,
1. GST would be at 18%.
2. Yes, the ITC would be available.
3. No.
I hope this answer satisfies your requirements.
Regards,
CA Hunny Badlani
Hi
1. GST shall be charged @18%
2. Yes
3. No.
Dear Sir,
Hope you are doing well !!
1.GST@18% on the same.
2.Yes.
3.No.
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