ITC in case of works contract

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Ankita Jain (Querist)
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25 December 2017 Good evening sir, I am attending refresher course on gst, I want to ask a doubt which is as below: 1) When an organisation purchase chemicals and other epoxy material 2) use that material for epoxy flooring work which is covered under works contract 3) also selling material as it is ?? Whether that organisation eligible to claim ITC which is paid for chemicals and other epoxy material purchase? Thank-you in advance Waiting for reply With Regards Ankita jain CA Final student

RAJA P M

RAJA P M (Expert)
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25 December 2017 The Taxpayer is dealing it as business then he will eligible for ITC...
Also the firm use it as self consumption then the ITC will be reversable...

Ankita Jain

Ankita Jain (Querist)
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25 December 2017 ok thank-you sir

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