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Works contract
If Vendor A supplies the material to Company and vendor B executes the work for Company using materials of the company(supplied by A) for the construction of immovable property and the whole amount is capitalised. Then, is ITC available on such goods supplied by A used in construction of immovable property by B for the company?
Replies (4)
ITC for whom, for company or for B
Is ITC available for the company?
ITC available to company if Co. is Construction Co.
Yes , Agree with Mr Ravi , .. if company is not supplying further or end user, the ITC is block under section 17 (5)
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