08 October 2018
One of my client is contractor. He makes roads for local authority(for Panchayat ) whether he can avail input on his input goods and services?
09 October 2018
Even it is covered under works contract service. if the input is used for further supply of works contract, ITC is available. No ITC is used for exempt supplies.
30 October 2018
If a works contractor purchases goods for providing further supply of works contract service, then ITC is available. If a manufacturing company purchased goods to build factory and capitalise the same, then ITC is not available.
CAclubindia
