Classifying supply as works contract. Eligibility for input tax credit on materials, labor, installation, overheads under contract execution modes.
Case-Laws
GST
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 con
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =