Supply classified as works contract u/s 2(119) of CGST Act. ...

Classifying supply as works contract. Eligibility for input tax credit on materials, labor, installation, overheads under contract execution modes.

October 18, 2024

Case Laws GST AAR

Supply classified as works contract u/s 2(119) of CGST Act. Applicant executes deposit works on behalf of consumers/agencies under two modes. In second mode, applicant eligible for input tax credit on materials, labor, installation, and overheads as per Section 16, not blocked u/s 17(5). Ownership vests with applicant after construction, but work done on behalf of customers, not on applicant's own account. Hence, input tax credit available despite applicant being custodian of constructed lines credited in books.

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Supply classified as works contract u/s 2(119) of CGST Act. ...

Classifying supply as works contract. Eligibility for input tax credit on materials, labor, installation, overheads under contract execution modes.

October 18, 2024

Case Laws GST AAR

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