A construction of residential complex service provider engages a sub contractor for only construction work. All materials used in construction is supplied by the said residential complex service provider. Under what category should the sub contractor get registered. What will be his accounting code and method of valuation.
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Construction service classification: subcontractor providing only labour while principal supplies materials requires registration, accounting and valuation clarity. Query on tax classification of a subcontractor performing only construction work for a residential complex where the principal supplies all materials, focusing on appropriate registration category, accounting code, and valuation method for the subcontractor's services. (AI Summary)