New question
I am constructing a complex for another party, I am taking ITC on purchased of raw materials such as cement bricks etc. and also on bills of subcontractor am charging 18% from my client. Is ITC available on purchase of raw material in a work contract? Can ITC be claimed on tax charged from the subcontractor?
Yes, supply of building material by ITC is a work contract
Yes, supply of building material by ITC is a work contract
Dear Sir,
Please contact local auditor or chartered accountant.