works contract tax
This query is : Resolved
Viral Shah
(Querist)
29 June 2010
Is works contract tax paid available as credit????????????or is it to be treated as an expenditure????????
CMA Ramesh Krishnan
(Expert)
29 June 2010
If the work contract tax deducted and paid by your customer from your bills you can claim the same
CA. O.P. Agarwalla
(Expert)
29 June 2010
I think the question is relating to ITC. If the contractor has not opted copmposition scheme and has issued tax invopices, ITC will be granted subject to other eligibility conditions.
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