Hi team,
Please help me resolve a small confusion whether construction of temporary Bamboo structure that are also movable come under Works Contract as service?
To give you a brief, we make prefabricated bamboo structures that can be assembled by self or we can provide installation services. Now if we look into works contract then this comes under prefabricated supply but then works contract does not give ITC.
So can we take this as goods and services as composite supply?
Kindly help.
Gul Bhatia
prefabricated movable/temporary bamboo structures
Gul Bhatia
Inquiry on GST Classification of Prefabricated Bamboo Structures: Works Contract or Composite Supply? ITC Implications Discussed. A user inquired about the classification of prefabricated, movable bamboo structures under the Goods and Services Tax (GST) framework. They questioned whether these structures should be considered a works contract, which would not allow for Input Tax Credit (ITC), or as a composite supply of goods and services. The user sought clarification on whether the structures could be classified differently to benefit from ITC. A respondent requested further details about the work involved and the role of bamboo in the construction to provide a more informed response. (AI Summary)
TaxTMI
TaxTMI