ITC on works contracts

[Asked by Guest]

Hi experts, i have some doubts regardind the works contracts of 1

1.repair and maintainces of restarunts,banquiet hall,captria,kichen can i take ITC or not

2.electrical items and fittings above like restarunts,captria etc can i takd itc or not

3.if they how to accounted for like value-100+gst-10=110 can u brief me experts

4.what about treatment of capital assets like above exmple thanks in advance

AI Summary

Input tax credit on works contracts is ineligible for repair, maintenance and fittings on immovable property, requiring tax-inclusive accounting.
Input tax credit is ineligible for repair, maintenance and electrical fitting services that amount to a works contract on immovable property; such costs should be accounted for inclusive of tax unless the services are further supplied as works contract services that qualify for credit.