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Works Contract Input Credit
Can a works contractor take Input credit of raw materials purchased for the construction?
Replies (10)
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.
So Gst of Works Contract and GsT of inputs in Works Contract are not available
NOT AVAILABLE
thanks
WELCOME 
BUT THE INPUT TAX CREDIT ON RAW MATERIALS BY CONSTRUCTING COMPANY FOR MAKING BUILDINGS , CAN BE CLAIMED . IT IS ALLOWED
that is my query actually. If I am Works contractor and I am making purchases of cements and building materials. can I take credit on that
Yes... You can claim ITC.
Thank You
YES THEN U CAN
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