08 December 2017
Dear Experts, I do provide construction services (work contract inclusive material? In this contract I do use raw materials like irons 18% GST, cement 28% GST, sand 5% GST, pls let me know how much % GST will be levied on contract amount which is inclusive materials & labour,
Also let me know when I have to pay tax in case of work contract inclusive materials,
08 December 2017
18% GST applicable on such construction contract ITC can be claimed on inputs like material purchase. GST payable on monthly invoice raised.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
08 December 2017
Sir we don't raised the invoice monthly because the contract will be completed in 2-3 years, however the payment we get on the valuation of our work done by contractor, so in such scenario when we will pay tax