A contractor providing civil services was paying service tax under work contract service as 15% ST on 40% of basic price being original work. Now in GST can he claim credit of excise duty on stock of inputs ,if duty paid documents are available. ? In service tax he was eligible to claim credit of only capital goods and input services.
Could you please guide whether he will get the credit of only inputs in stock or the inputs which has already been used in building (i.e. WIP).i..e For example: Builder constructed half floor of a building as on 01 July 2017. the bricks, cement use in that half floor would be considered as inputs contained in semi finished goods?
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