Construction of buildings GST Rates
Veera Veera (253 Points)
31 July 2021Party is constructing buildings through E-commerce operator
TCS Received @ 1% and TDS also been deducted @ 1% under section 194-O
Need to know the GST Rate
Please reply
Veera Veera (253 Points)
31 July 2021
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 02 August 2021
Depends what type of building. Various rates and credit restrictions applicable, be careful which selecting GST liability. Legal written opinion for such transactions is suggested to avoid future disputes.