Input availability to contractors
This query is : Resolved
Vaibhav Jain
(Querist)
08 October 2018
One of my client is contractor. He makes roads for local authority(for Panchayat )
whether he can avail input on his input goods and services?
whether he can avail input on his input goods and services?
Message likes :
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Udaya Chandran
(Expert)
09 October 2018
ITC is available as the inputs are used to provide the contract service.
Vaibhav Jain
(Querist)
09 October 2018
It is not covered under works contract?
Message likes :
1 times
Udaya Chandran
(Expert)
09 October 2018
Even it is covered under works contract service. if the input is used for further supply of works contract, ITC is available. No ITC is used for exempt supplies.
Vaibhav Jain
(Querist)
11 October 2018
please can you give me a example of construction contract where ITC in not available
Udaya Chandran
(Expert)
30 October 2018
If a works contractor purchases goods for providing further supply of works contract service, then ITC is available. If a manufacturing company purchased goods to build factory and capitalise the same, then ITC is not available.
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