I am Govt. Contractor I do take contract of road, sanitation arrangement,school building,meeting hall etc from state govt.
whether am i eligible to claim ITC on material purchased like coment,steel,etc.
people are are saying something no ITC on immovable property except plant and machinarry.....
please tell me in simple language.... with example will be better.
thank you
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work contract..Urgent
Replies (3)
In simple language,
if your outward supply is taxable (including Zero rated) then you can take credit of ITC (except block credit)
if your outward supply is taxable (including Zero rated) then you can take credit of ITC (except block credit)
in above case am i eligible to claim ITC
Yes u can take itc
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