28 June 2023
Dear Sir, We have availed input credit for civil works under plant&machinery capital nature, for this can we take input credit or not-please clarify
23 August 2023
ITC shall not be available for any work contract services. ITC for the construction of an immovable property cannot be availed, except where the input service is used for further work contract services. For example, XYZ Contractors are constructing an immovable property. They cannot claim any ITC on the works contract
CAclubindia
