A gstin holder doing Wood and its related business. Now he will doing construction business like
**built a house and sale to customer..
** Take with Contract basis and Finish the house and submit to building owner...
In this way how to give billing to customers for Sale and Contract..?
How to Gst applicable in this transactions?
How to take itc for purchases?
| Heading 9954 |
Services by way of pure labour contracts of construction, erection, commissioning, or installation of original works pertaining to a single residential unit otherwise than as a part of a residential complex. ........... Nil rate. |
If he takes complete work contract with material, he will have to charge 18% over total cost (without land cost) . ITC can be availed.
But pure labour contract is nil rated...... material directly billed in owner's name.
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