Works contract itc
Querist : Anonymous
We are engaged in works contract ( Composite) for construction of individual residential houses. We understand that the out put GST liability is 12% since the projects undertaken by us are only residential individual units. Please advice whether we can take full ITC on the materials purchased for and labour cost incurred for these projects?
Querist : Anonymous
Querist : Anonymous
What would be situation if we receive advances against the ongoing projects? Out put put Tax liability arise at that point of time? if yes what document we should issue to our clients?
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