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ITC on work contract.
My dad is building contractor. Can he avail ITC on purchase of materials like cement, steel etc?
Replies (9)
Yes , ITC available ,
only when his services in case of immovable property if his input services is for further supply of services.
In case of plant & machinery no need of further supply .
ref. sec 17(5)
ITC for works contract can be availed only by one who is in the same line of business and is using such services received for further supply of works contract service.
only when his services in case of immovable property if his input services is for further supply of services.
In case of plant & machinery no need of further supply .
ref. sec 17(5)
ITC for works contract can be availed only by one who is in the same line of business and is using such services received for further supply of works contract service.
So my dad's business is a further supply of services right?
Yes... ....
Thank you very much sir. I was very confused about it. Dad had claimed ITC from March. I was worried whether it would be reversed
ITC can be claimed only which is reflected in Gstr2A.
Yes sir!!! Thank you 🙌
Ok. You are most welcome to CCI.
Agreed with Shri Vinod Babu...
So input tax credit can be allowed on purchase of goods to be consumed in works contract service of immovable property
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