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SET OFF OF INPUT TAX CREDIT

This query is : Resolved 
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(Querist)
27 August 2022 Dear All

One of a person who is civil engineer have two types of income one from his consultation and other is from works contract service. Can he set off Input tax credit of works contract (like cement, iron, sand) against output tax liability of his professional income (Like planning and supervision etc..)??

Thanks
Nirmal
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 August 2022 How both the entities are registered under GST? whether separately or single business entity?
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NIRMAL DAVE

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NIRMAL DAVE (Querist)
27 August 2022 Registered as a Single business entity
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 August 2022 In that case you can claim ITC, but it may not suit for long.
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NIRMAL DAVE

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NIRMAL DAVE (Querist)
29 August 2022 Thank you for your valuable reply.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
29 August 2022 You are welcome ..
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