Input credit
This query is : Resolved
shailesh gupta
(Querist)
19 June 2017
hi,
can we take input credit on work contract ( Interior decorator ) under GST.....
can we take input credit on work contract ( Interior decorator ) under GST.....
CA R SEETHARAMAN
(Expert)
19 June 2017
What is nature of your business.
CA Pradeep Sharma
(Expert)
19 June 2017
Yes, u can take credit on work contract Interior decorator...............Input of work contract not available in case of construction of immovable property
CA R SEETHARAMAN
(Expert)
19 June 2017
If the construction is for sale then input credit is available.
shailesh gupta
(Querist)
19 June 2017
.......................................................... Thanks a lot
shailesh gupta
(Querist)
19 June 2017
Section 17 (5)( c) : Input Tax Credit shall not be available in respect of the following, namely:
“ works contract services when supplied for construction of an immovable property ( other than Plant and Machinery) except where it is an input service for further supply of Works contract service”The restriction does not apply to plant and machinery and also in case the input services are further used for supply of Works Contract service( Contractor can avail the ITC in respect of services availed from the sub-contractor)......................??? confused
can u elaborate and clear the picture w.r.t. ITC on interior decorator
“ works contract services when supplied for construction of an immovable property ( other than Plant and Machinery) except where it is an input service for further supply of Works contract service”The restriction does not apply to plant and machinery and also in case the input services are further used for supply of Works Contract service( Contractor can avail the ITC in respect of services availed from the sub-contractor)......................??? confused
can u elaborate and clear the picture w.r.t. ITC on interior decorator
CA R SEETHARAMAN
(Expert)
20 June 2017
If building is not for sale ITC on interior decoration can't be claimed. ITC can be claimed by main contractor if sub contractor is providing interior decoration.
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