Rate of tax on Painting contract

[Bharat Cholleti]

Dear sir,

Rate of tax on painting contracts to apartments and buildings, is he eligible for ITC. As painting contracts involves labour. Section 8 of CGST Act says rate of tax should be applicable on principal supply. pl advise.

AI Summary

Debate on GST implications for painting contracts: Is input tax credit available for works contracts or maintenance? A discussion on the Goods and Services Tax (GST) implications for painting contracts to apartments and buildings addressed whether input tax credit (ITC) is available. It was debated that if a painting contract is considered a works contract, ITC is generally not available for construction of immovable property. However, if the work is classified as repairs and maintenance, ITC may be claimed. The eligibility for ITC also depends on whether the painting is for new construction or existing buildings, with differing opinions on the contractor's ability to claim ITC.