ITC ON WORKS CONTRACT SERVICE
ITC available or not on works contract service.
Replies (2)
itc for providing work contract service is available......like for purchase of materials etc.
Please read the restriction in sec17(5) for understanding what is excluded. It is available when one provides further construction of WCT / construction services. Restriction for those who build for renting is there.
See article on caclub india for more information on how one can claim the ITC on WCT relating to immovable P&M.
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