Brief note regarding works contract. please I am confused . whether input tax fully available in the case of works contract or not.?
in case of excess input tax will it be paid by government ?
2 Replies
chetan bisht
(Accountancy)
(41 Points)
Replied 05 August 2017
works contact is chargeable @ 18 percent as it is considered as a service..Full ITC is available on it also
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