“Section 17 (5) :- Notwithstanding
anything contained in sub-section (1) of section 16 and subsection (1) of section 18, input tax credit shall not be available
in respect
of the following namely:
.
.
.
.
.
(c ) works contract
services (WCS) when supplied for construction of an immovable property (other than plant and machinery) except where it is an input service for
further supply of works contract service;
(d) goods or services or both received
by a taxable person for construction
of an immovable property (other than plant or machinery) on his own account including when such
goods or services or both are used in the course or furtherance of business.”
Now question arise whether a works contractor can avail input tax
credit for the tax paid on it’s inward supply of goods (i.e. input) or services
or it is restricted as per section 17(5) (c) & (d) of the CGST Act,2017?