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Anjali Sharma
Asked July 04, 2019

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  • 2 Answers

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?

Answers 2

Yes, supply of building material by ITC is a work contract 

Agree Comment 0 Agrees over 1 year ago

Dear Sir,

Please contact local auditor or chartered accountant.  

Agree Comment 0 Agrees over 1 year ago

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