Is input tax credit under works contract service
is input tax credit can be availed for purchase of goods under works contract service
Replies (4)
Quick Summary
If work are conducted by contractor then ITC can be claimed
If works contract services provided on account of Furtherance of Business ITC is available on inward supply of goods or services or both else ITC not available.
Ok, so input credit on purchase of goods and services can be availed by provider of works contract service for immovable property
Yes. If immovable property other than plant and machinery is own then not available.
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