• 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 5 years ago in GST

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

 

Vivek Kumar Arora
CA, Delhi
5103 Answers
1219 Consultations

Hi

 

Yes, GST shall be charged by the contractor.

Lakshita Bhandari
CA, Mumbai
5697 Answers
959 Consultations

Dear Sir,

 

Hope you are doing well !!

 

GST@18% will be charged by contractor.

Payal Chhajed
CA, Mumbai
5233 Answers
311 Consultations

Hi

 

Yes you need to pay the gst @ 18 %

Karishma Chhajer
CA, Jodhpur
2455 Answers
29 Consultations

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