Composite works contract under s.2(119) permits ITC only for structural steel and plant-and-machinery; s.13(2)/s.16(4) limit advance ITC timing

Composite works contract under s.2(119) permits ITC only for structural steel and plant-and-machinery; s.13(2)/s.16(4) limit advance ITC timingCase-LawsGSTThe AAR held that the applicant’s transaction constitutes a composite “works contract” under s.2(119

Composite works contract under s.2(119) permits ITC only for structural steel and plant-and-machinery; s.13(2)/s.16(4) limit advance ITC timing
Case-Laws
GST
The AAR held that the applicant's transaction constitutes a composite “works contract” under s.2(119) CGST, permitting ITC only on the structural steel/plant-and-machinery component as delineated in the contract Cost Abstract/Bill of Quantities, and not on civil or sheeting components. Cranes and HVAC were characterised as plant an

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