Most of the work in Railway is executed through works contract.
whether input credit is available?
works contrqact as per the earlir indirect tax regime was considred as supply of goods and servcies both together and attracted tax at compuned rates wiht out CENVAT credit. Now under GST work contract is totally considered as servcie. the transfer of goods under works contract does not attract GST seperately on the total value of goods and servcies supplied GST is calculated at applcable rates. The person supplying work contract sservcies also is eligble to take inout credit on inuts, and capital goods purchased and used in the course of or furhterence of business by him. he can also carry forewward the unavailed inut credit on finished goods, work in progress and raw material stock as on 30/06/2017 to his electronic credit ledger on 1/04/2017.
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