Dear All, please advise, what about the taxation system for work contractor.
spose a work contractor take a contract for making a home for individual or for a commercial building and contract value approx 15lac including material.
Q.1 He will charge GST on 15lac.
Q.2 He can avail input on material.
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Taxation on Works Contractor
Replies (1)
you have to collect gst on 15 lac
and you can take input credit on material
and you can take input credit on material
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