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.
CAclubindia
