ITC on work contract.
Joshua Dsouza (160 Points)
17 September 2018
My dad is building contractor. Can he avail ITC on purchase of materials like cement, steel etc?
9 Replies
Vinod Babu
(24191 Points)
Replied 17 September 2018
Yes , ITC available ,
only when his services in case of immovable property if his input services is for further supply of services.
In case of plant & machinery no need of further supply .
ref. sec 17(5)
ITC for works contract can be availed only by one who is in the same line of business and is using such services received for further supply of works contract service.
only when his services in case of immovable property if his input services is for further supply of services.
In case of plant & machinery no need of further supply .
ref. sec 17(5)
ITC for works contract can be availed only by one who is in the same line of business and is using such services received for further supply of works contract service.
Joshua Dsouza
(160 Points)
Replied 17 September 2018
So my dad's business is a further supply of services right?
Joshua Dsouza
(160 Points)
Replied 17 September 2018
Thank you very much sir. I was very confused about it. Dad had claimed ITC from March. I was worried whether it would be reversed
Vinod Babu
(24191 Points)
Replied 17 September 2018
ITC can be claimed only which is reflected in Gstr2A.
rakesh
(student)
(457 Points)
Replied 22 October 2021
So input tax credit can be allowed on purchase of goods to be consumed in works contract service of immovable property
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