21 October 2017
Dear Sir, I have following queries regarding civil contractor -
1. Suppose a civil contractor purchased pressure cookers to distribute them among his labour as a gift. Whether contractor can claim itc of gst paid on purchase bill pressure cookers? 2. From which date gst rate from 18% to 12% would be deemed effective on civil construction ?
21 October 2017
Suppose a civil contractor purchased pressure cookers to distribute them among his labour as a gift. Whether contractor can claim itc of gst paid on purchase bill pressure cookers?
Ans- Assuming labours are his employee, the amount of gift would be less than 50000/- per annum , it should not be a treated as supply and credit can be availed.
From which date gst rate from 18% to 12% would be deemed effective on civil construction ?
Ans- Notification No. 24/2017-Central Tax (Rate) is dated on 21st Sept 2017. Hence the rate would be applicable from said date.