Wcs
This query is : Resolved
28 April 2018
Can a registered works contractor avail ITC on purchase of material against private work I.e construction of residential house of an indivisual?
29 April 2018
As per section 17(5) (c) of the CGST Act, 2017, input tax credit shall not be
available in respect of the 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.
available in respect of the 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.
29 April 2018
Here the house owner is not eligible for ITC that the contractor collected in his bill because of the house owner is not engaged in further supply of wcs,but the works contractor can claim ITC on purchase of material which is embedded in transfer of property.What is ur view?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- GST not cancelled by tenant
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
