GST rate Clarification for Single Residence work
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....ST rate Clarification for Single Residence work<br> Query (Issue) Started By: - Thevarkonda Suresh Dated:- 5-8-2024 Last Reply Date:- 14-8-2024 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>....
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....sir My Query is my client (Registered with GST)is doing contract work for Construction of Single Residence construction work with Material and labour (ie old house will be demolished and new single r....
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....esidence will be built) Query what will be GST rate either 5% or 18% and also any Inputtaxes can be claimed from registered suppliers like supply of sand, bricks, cement, and Electrical and Plumbing i....
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....tems etc . Experts advice Please Reply By Shilpi Jain: The Reply: This person is not a promoter. He is like a works contractor. 18% would be applicable with ITC. Reply By KASTURI SETHI: The Reply: ....
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.... You have mentioned as "Old house will be demolished.". Demolishing is a service under SAC 995431. This aspect has to be taken care of. Reply By Padmanathan KV: The Reply: The works cont....
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....ract will be taxable at 18% and he shall be eligible for ITC. Ld Kasturi Ji, Won't the demolition be part of the composite supply, the predominant supply being works contract? Reply By KASTUR....
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....I SETHI: The Reply: Sh.Padmanathan Kollengode Ji, Yes. Demolition will be covered under composite supply.<br> Discussion Forum - Knowledge Sharing ....
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