Whether itc is allowed
This query is : Resolved
Jatin. N. Vora
(Querist)
11 June 2013
I have given a works contract who has charged me 5% on entire amount of bill is this valid?
Value of service portion and material portion inseperable.
Also can i take ITC on the same.
Thanks in advance
Value of service portion and material portion inseperable.
Also can i take ITC on the same.
Thanks in advance
NITIN SHARMA
(Expert)
11 June 2013
If you are taking compounding scheme then not otherwise yes.
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