I give a works contract for
construction of building where contractor also provide bill of lift,transformer can I take credit of that goods which is capitalised in building cost
Revised GST Law mentions -
Input Tax Credit not available -
1. Works contract Services - Supplied for construction of immovable property other than P&M - An exception - Where input service for the further supply of works contract service.
2. Goods or services received by a taxable person for construction of an immovable property on his own account other than P&M even if used for the furtherance of business.
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