Input Tax Credit (ITC) on Works Contract under GST with Case Study | Complete Coverage in 18 Mins

#ITConWorksContract
In this lecture, we will understand the provisions of ITC on Works Contract under GST in a detailed manner along with a case study for complete understanding.
Coverage:
Section 17(5)(c) of the CGST Act
Section 17(5)(d) of the CGST Act
Explanation to Section 17 of the CGST Act
Case Study on ITC on Works Contract
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CA/CMA Final GST Lectures - Input Tax Credit under GST

[@DINESH-vx5oe]

Brilliant lecture

[@rinkyagarwal7237]

I visit ur channel for the first time ......I was searching for this particular topic...Great explanation... nd most important there are 2 3 topics more which i was searching individually like 9(4)..nd i get it on your channel
THANK YOU SIR

[@mohitgarg4709]

Bhaut badhiya madhu bhai

[@dhparmar2810]

Excellent

[@himadrisubhradas]

great

[@karanbhagat7661]

crystal clear explanation...

[@HustlingStudent]

Than you so much sir for for creating such an informative session

[@anilkulmethe7209]

Very well explanation sir

[@RahulJain-qd8kf]

Thank you so much sir ❤

[@kdwivedi1686]

Nice video sir

[@debojyotidas5664]

Prepare a video on contractor gst filling process

[@gauravgarg9509]

Sir, if expenses is not capitalised on gst portion even when itc is not allowed ?

[@user-dc1pd6oz4q]

Sir if a contractor purchase steel cement; will he claim this. He is main contractor. Please give me the answer sir

[@rabindrarayamajhi8664]

Case where renovation of office and factory building is done through works contract service and the person availing such service shall be allowed to take itc irrespective of the person line of business and the expense is not capitalized. In the last question doesn't interior work fall under renovation or do we need to assume it's been capitalized. Plz clarify on this

[@mmforyou]

As per AS 10 & IAS 16 - such kind of expense needs to be capitalized.

[@bvsnagababu7954]

Sir suppose i got a contract work from Gov of RS .100000 +12 % gST on the contract but the material cost for the work is more than that like cment cost 28% steel cost 18% then how it will return please clarify it is that returnable?

[@satyamiryala8579]

Dear sir, excellent teaching,i liked this video, but my one query, godown or office renovation,10lac expenses,can i get ITC ?(from Mumbai,Mr.satya)

[@mmforyou]

Have you availed the services of works contract?

[@ayanpaul1844]

Can sub-contractor claim ItC on cement, iron rod ,steel

[@shubhamoswal666]

Does subcontractor get ITc on material used by him??

[@harshavardhantr3919]

Hi sir I have 2 commercial buildings and i will get rent from that, and now I'm constructing new building for rental purpose, I'm purchasing material and under my gst can set off with this itc

[@mmforyou]

Kindly contact us on WhatsApp [phone]

[@casimarsethi5718]

ITC on structural consulting services or architectural services related to civil work is allowed??

[@mmforyou]

We request you to ask GST queries in our WhatsApp Group: invite.gstbymm.com/professionals

[@reshiimran1991]

Sir what in case PnM is movable or detacheable in the office premises. Is itc available or not

[@mmforyou]

Available.

[@MOHDIMRAN-jj6si]

Can we take ITC on purchase of Excavators ,dumper ,paver machine , stone crusher etc

[@mmforyou]

If you are a contractor then yes, ITC will be available.

[@aniketprasad5226]

Sir please Place of supply and Value of supply ka class provide kijiye

[@mmforyou]

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[@kapilclasses3595]

CMA inter

[@RavalMrunalR]

sir i have plot for 5 house in gujrat i bulid House and sale to Coustomers on value below 20 lac
and also callect advance payment or part payment in my bank account so in this case GST applying on it, i have contractor for this building prosse
Sir kindly give me reply it's very important and urgent

[@mmforyou]

WhatsApp at 8209947346

[@khushal996]

I recently taken construction Contract as a subcontractor from a contractor , shall I also need to create GST no? If annual transaction upto 30 lacks
I I hv to generate GST then which type pls inform Sir

[@khushal996]

Because my transaction might be up to 30 lacks but I get profit upto annually 10lack by chance, & rest all charges to labors

[@user-cc7rp8xx8z]

PLANT & MACHINE WORKS CONTRACT KE CASE JCB HOGA

[@habib_imyasin]

Sounds wrong 😅😂

[@kapilclasses3595]

Sir ji Aap ki pur. Krni hai

[@mmforyou]

WhatsApp at 8209947346.

[@navjyotsingh5224]

No