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Is input tax credit under works contract service

rakesh (CA Final) (311 Points)

22 October 2021  
is input tax credit can be availed for purchase of goods under works contract service

 4 Replies

Sourav (Student) (23860 Points)
Replied 22 October 2021

If work are conducted by contractor then ITC can be claimed
1 Like

Rajendra Prasad (Employee Private) (530 Points)
Replied 22 October 2021

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.
1 Like

rakesh (CA Final) (311 Points)
Replied 23 October 2021

Ok, so input credit on purchase of goods and services can be availed by provider of works contract service for immovable property

Rajendra Prasad (Employee Private) (530 Points)
Replied 23 October 2021

Yes. If immovable property other than plant and machinery is own then not available.
1 Like

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