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RCM not Applicable to Daily Wages, Labour Charges & Contract Labour

The applicant has averred that they are entering into (2) different agreements with their prospective buyers, one for the semi-finished structure which is offered in the sale deed and other for the completion of semi-finished structure. In this connection it is informed that the Hon’ble High Court of AP in the case of M/s. Omega Shelters (P) Limited Vs Assistant Commissioner (LTU) Secunderabad, (2015) 83 VST 51 has considered similar facts and law positions and held that the rate of tax applicable is the same for the total consideration received for the initial agreement for the composite value of land and building irrespective of whether the value in the registered sale deed is lesser than this consideration.

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