We are dealing in Civil construction work which covers under works contract, recently we have been awarded an order from Indian Oil Corporation Limited (IOCL) for “Piling, Civil, Structural & U/G Piping works for Offsite and revamp units for BS-VI Project at Gujarat refinery”. Most of the item included supply of material and construction thereafter.
Material for two items supplied by IOCL and we have to erect and commission the same. The whole works is considered as works contract.
You are requested to clarify whether two items which is only for erection can be considered in work contract for abatement or not.
Thanks
CA AMOD GUPTA
9654629170
CAclubindia
