input credit in works contract

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nitinjain (Querist)
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18 November 2017 I M a trust which provides renting service of a hospital now we create a contract between hospital & trust to develop a land for cycle stand(trust is land owner) now that is new service by us to hospital i.e work's contract now different input credit we are book on cement,steel & misc for works contract now can I utilise that credit to pay Gst on renting service,till date we are not issue works contract bill.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 November 2017 You can't utilize such credit to pay GST on renting service. Refer ITC rules.

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nitinjain

nitinjain (Querist)
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18 November 2017 what if I raised bill on such works contract

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 November 2017 If you raise a bill on works contract to hospital with 18% GST then you can avail ITC on cement, steel and misc.

nitinjain

nitinjain (Querist)
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18 November 2017 thank you sir.

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