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Works Contract

Debashis Aich (138 Points)

15 August 2018

ITC available on Works Contract?

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Rajnish Singh (GST Practitioner) (1365 Points)
Replied 15 August 2018

Yes, currently gst tax has to pay on taxable value so input tax is allowable if same service recd via wct...

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Rajnish Singh (GST Practitioner) (1365 Points)
Replied 15 August 2018

Revised Model GST Law mentions that input tax credit is not available for- works contracts services when supplied for construction of immovable property, other than plant and machinery, except where it is an input service for further supply of works contract service goods or services received by a taxable person for construction of an immovable property on his own account, other than plant and machinery, even when used in course or furtherance of business.

Rajnish Singh (GST Practitioner) (1365 Points)
Replied 15 August 2018

Revised Model GST Law mentions that input tax credit is not available for- works contracts services when supplied for construction of immovable property, other than plant and machinery, except where it is an input service for further supply of works contract service goods or services received by a taxable person for construction of an immovable property on his own account, other than plant and machinery, even when used in course or furtherance of business.

Rajnish Singh (GST Practitioner) (1365 Points)
Replied 15 August 2018

Revised Model GST Law mentions that input tax credit is not available for- works contracts services when supplied for construction of immovable property, other than plant and machinery, except where it is an input service for further supply of works contract service goods or services received by a taxable person for construction of an immovable property on his own account, other than plant and machinery, even when used in course or furtherance of business.

Rajnish Singh (GST Practitioner) (1365 Points)
Replied 15 August 2018

Revised Model GST Law mentions that input tax credit is not available for- works contracts services when supplied for construction of immovable property, other than plant and machinery, except where it is an input service for further supply of works contract service goods or services received by a taxable person for construction of an immovable property on his own account, other than plant and machinery, even when used in course or furtherance of business.

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Rajnish Singh (GST Practitioner) (1365 Points)
Replied 15 August 2018

Revised Model GST Law mentions that input tax credit is not available for- works contracts services when supplied for construction of immovable property, other than plant and machinery, except where it is an input service for further supply of works contract service goods or services received by a taxable person for construction of an immovable property on his own account, other than plant and machinery, even when used in course or furtherance of business.

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