• Contractor asking for GST for residential building

Hi,

 I m planning to get my duplex house constructed. Contract is for 2000/sq ft + GST. Should i be paying 18% GST for construction cost. All the materials and labour is provided by contractor. If i m going for home loan for 55 lakhs .. should i be paying 18% of it as GST ?
Asked 4 years ago in GST

- It is a works contract services and chargeable to tax @18%.

 

Vivek Kumar Arora
CA, Delhi
5024 Answers
1146 Consultations

Hi

 

Yes, GST shall be charged by the contractor.

Lakshita Bhandari
CA, Mumbai
5687 Answers
943 Consultations

Dear Sir,

 

Hope you are doing well !!

 

GST@18% will be charged by contractor.

Payal Chhajed
CA, Mumbai
5189 Answers
303 Consultations

Hi

 

Yes you need to pay the gst @ 18 %

Karishma Chhajer
CA, Jodhpur
2452 Answers
29 Consultations

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