Works Contract Input Credit

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.

NOT AVAILABLE 

WELCOME 

BUT THE INPUT TAX CREDIT ON RAW MATERIALS BY CONSTRUCTING COMPANY FOR MAKING BUILDINGS , CAN BE CLAIMED . IT IS ALLOWED 

YES THEN U CAN