Itc on works contract
This query is : Open
28 September 2017
As per new notification,works contractor is eligible to ITc on purchase of goods and services which is undergone in govt.works.As per law,no ITC shall be eligible to a contractor for construction of immovable property unless it is subcontracted to other.pl.clarify the difference between the two.
28 September 2017
First notification said that if you do work contract for Govt then you can claim ITC
Other than this no ITC available for construction of any immovable property.
Further if work is sub contracted to other contractor then also you can claim ITC.
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