Dear sir,
I did a work under coal india for repairing a buidling.
I use cement ,rod,ac sheet, labour etc.. for repaire the building.
I give the tax invoice and Recevied the amount from coal india.
My question is can I claim ITC on my purchase for repairing the building?
Thanks
Menu
ITC ON WORK CONTRACT
Replies (2)
Quick Summary
Yes, you can take ITC on such items
Sohan you can take subject to some exceptions
1. you should have works contract registration.
2. you should issue gst bill to coal india.
3. it should be further used for increase of business.
if the contractor helps in increasing the business indirectly or directly.
generally gst on any repair work is ineligible.
1. you should have works contract registration.
2. you should issue gst bill to coal india.
3. it should be further used for increase of business.
if the contractor helps in increasing the business indirectly or directly.
generally gst on any repair work is ineligible.
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
