TMI Blogtaxability of following transaction under gstX X X X Extracts X X X X X X X X Extracts X X X X ..... respected sir, please provide me taxability of following transaction under gst a) Mr. Harish ( Builder ) buys a land and also hire a contractor named Sahil.Sahil buid building on behalf of Harish.all material + labour BILLed in the name of sahil( contractor).Harish only sale flats . now INPUT tax credit availability to MR.Harish and MR.Sahil b) in Same above example all material will be pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vided by builder ( harish).is Harish eligible to ITC on material c) in point b) if material provide by builder, what ITC available to sahil. c) c) - Reply By KASTURI SETHI - The Reply = In the first example, Contractor (Sahil) is providing (supplies) taxable service to Harish (Builder). Purchase Bills are in the name of Contractor, Sahil (Contractor) is eligible for ITC and not Harish(Bu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ilder). In the second instance, Harish (Builder) is providing service (Supplies) to the buyers of flats (Consumers) direct by engaging manpower (Contractor and labourers). Since Harish (Builder) is liable for discharging GST, he will avail ITC. Contractor will pay GST under the category of manpower. Manpower is not under RCM now. In the second example , Pure labour is not exempted from GST. - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxability of following transaction under gst - Query Started By: - tarun verma Dated:- 16-7-2017 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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