Works contract

Input Tax Credit is NOT available

Revised Model GST Law mentions that input tax credit is not available for-

• works contracts services when supplied for construction of immovable property, other than plant and machinery, except where it is an input service for further supply of works contract service
• goods or services received by a taxable person for construction of an immovable property on his own account, other than plant and machinery, even when used in course or furtherance of business.