Dear friends...
one of our client is engaged in construction of residential houses for which an agreement is executed to perform construction at a specific rate per sqft for both material and labour. He purchases materials in his on name and also does labour to complete the work. what will be the GST applicability and the rate and on which amount he should calculate GST?
However, there are some exceptions and additional considerations: -
The client can avail input tax credit (ITC) on the GST paid on materials (goods) purchased. -
CAclubindia
