RCM on Works Contract
This query is : Resolved
Devraj Dhwiti
(Querist)
18 November 2020
Hi Sir / Mam,
Good Morning!!
We have RCM on Builders/ Developers i.e. If promoter (Builder/developer) fails to purchase at least 80% of the value of input and input services, from registered suppliers, he is required to pay GST under RCM.
I wanted to know whether EPC (Engineering, procurement & Construction) Company will also be covered under Builders/Developers to calculate the limit of 80% and apply RCM under GST law.
Please help me with the reference of section or rules under GST law.
Thanks and regards,
Devraj Dhwiti
Good Morning!!
We have RCM on Builders/ Developers i.e. If promoter (Builder/developer) fails to purchase at least 80% of the value of input and input services, from registered suppliers, he is required to pay GST under RCM.
I wanted to know whether EPC (Engineering, procurement & Construction) Company will also be covered under Builders/Developers to calculate the limit of 80% and apply RCM under GST law.
Please help me with the reference of section or rules under GST law.
Thanks and regards,
Devraj Dhwiti
Nitin Bhuta
(Expert)
18 November 2020
They won't be covered under the category of Builders and Developers
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