Construction Business - Works Contract
A.Kishore Kesav (807 Points)
01 May 2023A.Kishore Kesav (807 Points)
01 May 2023
CA Rakesh Ishi
(Working at Private Company)
(8200 Points)
Replied 01 May 2023
If the contract is for an Immovable Property, then the ITC is not available for goods and services used in the construction of such property. However, if the Works Contract is for a Movable Property, ITC is available on goods and services used in the Works Contract.
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 01 May 2023
M Sajeesh
(33 Points)
Replied 17 September 2023
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)