Construction Business - Works Contract

This discussion clarifies the availability of Input Tax Credit (ITC) for goods and services used in works contracts within the construction industry. Generally, ITC is not available for services used in constructing immovable property, unless the works contract is for further supply of such services or involves plant and machinery. However, ITC is typically available for works contracts related to movable property. The thread also touches upon a specific scenario involving a crusher business and calculating GST returns.