B Com Exam  >  B Com Questions  >  According to the CGST Act, when is input tax ... Start Learning for Free
According to the CGST Act, when is input tax credit (ITC) allowed for works contract services supplied for the construction of immovable property?
  • a)
    ITC allowed for all works contract services related to construction
  • b)
    ITC allowed for works contract services related to construction of plant and machinery
  • c)
    ITC allowed for works contract services related to construction of any immovable property
  • d)
    ITC not allowed for works contract services related to construction of immovable property
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
According to the CGST Act, when is input tax credit (ITC) allowed for ...
According to the CGST Act, input tax credit (ITC) is not allowed for works contract services when supplied for the construction of immovable property. However, this restriction does not apply to the construction of plant and machinery.
Explore Courses for B Com exam

Similar B Com Doubts

According to the CGST Act, when is input tax credit (ITC) allowed for works contract services supplied for the construction of immovable property?a)ITC allowed for all works contract services related to constructionb)ITC allowed for works contract services related to construction of plant and machineryc)ITC allowed for works contract services related to construction of any immovable propertyd)ITC not allowed for works contract services related to construction of immovable propertyCorrect answer is option 'D'. Can you explain this answer?
Question Description
According to the CGST Act, when is input tax credit (ITC) allowed for works contract services supplied for the construction of immovable property?a)ITC allowed for all works contract services related to constructionb)ITC allowed for works contract services related to construction of plant and machineryc)ITC allowed for works contract services related to construction of any immovable propertyd)ITC not allowed for works contract services related to construction of immovable propertyCorrect answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about According to the CGST Act, when is input tax credit (ITC) allowed for works contract services supplied for the construction of immovable property?a)ITC allowed for all works contract services related to constructionb)ITC allowed for works contract services related to construction of plant and machineryc)ITC allowed for works contract services related to construction of any immovable propertyd)ITC not allowed for works contract services related to construction of immovable propertyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the CGST Act, when is input tax credit (ITC) allowed for works contract services supplied for the construction of immovable property?a)ITC allowed for all works contract services related to constructionb)ITC allowed for works contract services related to construction of plant and machineryc)ITC allowed for works contract services related to construction of any immovable propertyd)ITC not allowed for works contract services related to construction of immovable propertyCorrect answer is option 'D'. Can you explain this answer?.
Solutions for According to the CGST Act, when is input tax credit (ITC) allowed for works contract services supplied for the construction of immovable property?a)ITC allowed for all works contract services related to constructionb)ITC allowed for works contract services related to construction of plant and machineryc)ITC allowed for works contract services related to construction of any immovable propertyd)ITC not allowed for works contract services related to construction of immovable propertyCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of According to the CGST Act, when is input tax credit (ITC) allowed for works contract services supplied for the construction of immovable property?a)ITC allowed for all works contract services related to constructionb)ITC allowed for works contract services related to construction of plant and machineryc)ITC allowed for works contract services related to construction of any immovable propertyd)ITC not allowed for works contract services related to construction of immovable propertyCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of According to the CGST Act, when is input tax credit (ITC) allowed for works contract services supplied for the construction of immovable property?a)ITC allowed for all works contract services related to constructionb)ITC allowed for works contract services related to construction of plant and machineryc)ITC allowed for works contract services related to construction of any immovable propertyd)ITC not allowed for works contract services related to construction of immovable propertyCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for According to the CGST Act, when is input tax credit (ITC) allowed for works contract services supplied for the construction of immovable property?a)ITC allowed for all works contract services related to constructionb)ITC allowed for works contract services related to construction of plant and machineryc)ITC allowed for works contract services related to construction of any immovable propertyd)ITC not allowed for works contract services related to construction of immovable propertyCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of According to the CGST Act, when is input tax credit (ITC) allowed for works contract services supplied for the construction of immovable property?a)ITC allowed for all works contract services related to constructionb)ITC allowed for works contract services related to construction of plant and machineryc)ITC allowed for works contract services related to construction of any immovable propertyd)ITC not allowed for works contract services related to construction of immovable propertyCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice According to the CGST Act, when is input tax credit (ITC) allowed for works contract services supplied for the construction of immovable property?a)ITC allowed for all works contract services related to constructionb)ITC allowed for works contract services related to construction of plant and machineryc)ITC allowed for works contract services related to construction of any immovable propertyd)ITC not allowed for works contract services related to construction of immovable propertyCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice B Com tests.
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev