gst on hvac construction contract
GST 18% Rate Applies to HVAC Construction Contracts with Blocked Input Tax Credit Under HSN 9954 A discussion forum explored GST implications for HVAC construction contracts. Experts clarified that HVAC installation falls under works contract, taxable at 18% under HSN 9954. Input tax credit is blocked for such services. The analysis referenced CBIC guidelines and statutory provisions related to goods and services tax treatment for construction-related HVAC services. (AI Summary)
Goods and Services Tax - GST