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Works contract - Govt works
Sir we are works contractor of govt works on roads, side culverts, small bridges, govt official buildings, etc.. now my doubt whether we are eligible ITC for taxes paid on material purchases (like cement, steel, bricks, bitumen, boulders,etc..)
Replies (2)
This issue is confusing as being a government contractor your GST liability will occur on bills charged to Government
please accumulate your GST ITC to compensate unseen future liability (even-if not required)
For Contracts where GST is provided in BOQ of work order no issue for accumulation and utilization of ITC
Prepare cost working for each contract separately
hey you copied my query @ Prakash bengalore... hahaha 😂
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