TaxTMI 
TaxTMI 
taxability of following transaction under gst
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....axability of following transaction under gst<br> Query (Issue) Started By: - tarun verma Dated:- 16-7-2017 Last Reply Date:- 16-7-2017 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>respected s....
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....ir, please provide me taxability of following transaction under gst a) Mr. Harish ( Builder ) buys a land and also hire a contractor named Sahil.Sahil buid building on behalf of Harish.all material ....
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....+ labour BILLed in the name of sahil( contractor).Harish only sale flats . now INPUT tax credit availability to MR.Harish and MR.Sahil b) in Same above example all material will be provided by build....
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....er ( harish).is Harish eligible to ITC on material c) in point b) if material provide by builder, what ITC available to sahil. c) c) Reply By KASTURI SETHI: The Reply: In the first example, Con....
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....tractor (Sahil) is providing (supplies) taxable service to Harish (Builder). Purchase Bills are in the name of Contractor, Sahil (Contractor) is eligible for ITC and not Harish(Builder). In the secon....
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....d instance, Harish (Builder) is providing service (Supplies) to the buyers of flats (Consumers) direct by engaging manpower (Contractor and labourers). Since Harish (Builder) is liable for discharging....
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.... GST, he will avail ITC. Contractor will pay GST under the category of manpower. Manpower is not under RCM now. In the second example , Pure labour is not exempted from GST.<br> Discussion Forum - Kno....
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