Works contract service supplied to Railways(govt.), gst rate of tax for that contract is 12%. Then works contractor can get itc for bricks,cement ext.
Menu
Works contract for buildings
Replies (3)
yes sure he can get credit of input used in supplying his services
thank you, sir
Yes, Input taz credit of steel, cement, bricks etc and credit is available for all other input, input services and Capital Goods. However, if the credit is specifically blocked then the same is not available.
Recent Topic
- Bricks Klin
- Compile error in hidden module: Sheet1. (ITR 5 exc
- Is there a way to get refund for 26QB if paid twic
- How Important Is an MBA Course for Career Growth i
- Learn - How to Take Free Scheduled Auto Backup on
- UPi/Banking Remarks
- URGENT CLARIFICATION NEEDED REGARDING SFT- 005, PL
- What is the nature of business for Pranic Healing
- GST Clarification for billing
- Already tax paid Refund or
Related Topics
CAclubindia
