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Gst on works contract

Others 212 views 2 replies

Wheather a works contractor gets input tax credit of materials purchased for performing of that contract?

Like if an contractor get building raw materials in its own name and perform his contract of civil works and present his bill inclueding price of that raw materials then can he/she get input tax credit of that material?

or wheater the recepient of civil works contract service gets input tax credit?

Replies (2)
he get the itc credit of material
its depen. on terms between service receiver and provider...if invoice of material directly billed in the n ame of service receiver...then. itc available only to service reciver...normally this arrangement possible for small constructions including bunglows or construction of self house...


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