GST Exemption Guide: Single Residential Unit vs. Residential Complex . Notification 12/2017 скачать в хорошем качестве

GST Exemption Guide: Single Residential Unit vs. Residential Complex . Notification 12/2017

Are you building your dream home and want to save on costs? In this video, we dive deep into the legal GST exemptions that could bring your tax bill down to 0% for construction labor. Most people pay a standard 18% GST on construction, but under Notification No. 12/2017 (Entry 11), "pure labor contracts" for single residential units are completely exempt. However, there are major traps! If your contractor brings even a single machine or provides materials, you lose the exemption and must pay the full 18% GST. We also explain the "One Family" test—if your house has separate entrances or kitchens for extended family, the tax department might classify it as a "Residential Complex" and deny your tax-free status. What you’ll learn: • What qualifies as a "Pure Labor Contract". • The difference between Entry 10 (PMAY) and Entry 11 (Single Units). • Why "Original Works" are exempt but simple repairs might not be • Real-world examples from Advance Rulings like the Build Layer and Johnson Lifts cases.