Up until this point, the
construction part, including real estate, has had an effective tax outgo of in
the vicinity of 11% and 18%. It changed in view of the idea of the agreement,
the service tax charge appropriate on the services profited and furthermore
differed taxes on products utilized as a part of construction. For example,
development of streets, dams and water projects delighted in an service tax
exclusion. Under GST, the whole works contract is charged 18% tax. In any case,
in spite of higher rates, the area is probably going to pick up from the input
tax credit that is accessible under GST rules. This is just mostly available
under the current regime.
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Address : 5th Floor, D S Business Galleria, Near Huma Adlabs, Beside Toyo House, L.B.S Road, Kanjur Marg (W), Mumbai, 400078 INDIA.
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Email : enquiry@strategicerp.com
Address : 5th Floor, D S Business Galleria, Near Huma Adlabs, Beside Toyo House, L.B.S Road, Kanjur Marg (W), Mumbai, 400078 INDIA.
Direct Contact : 9737871533 - Yash Patel
Phone : +91-22-25770088
Email : enquiry@strategicerp.com
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