we are doing construction work under works contact, whether transfer of property goods are only eligible to take input credit , or consumables also.
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Works contact
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Gst will be applicable to works contract and It will be Considered as supply of services
Thank you very much for your prompt response.
No restrictions on Input Tax Credit for Consumables purchases has been outlined in model GST Law. Hence it is available as of now.
sir, can I get section details
Please refer to sec. 16 of MGL. As prescribed in this sec., ITC is available on all purchase which are intended to be used in furtherance of business.
Thank you very much sir
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