AAR: Holds ITC restrictions u/s 17(5)(c)(d) as not applicable where output is ‘works-contract’ service

Andhra Pradesh AAR holds that the applicant as eligible for Input Tax Credit (ITC) of GST paid on goods and services used as inputs in execution of ‘works contract’; Elucidates that, ITC restriction contained u/s 17(5)(c ) and 17(5)(d) shall not apply as applicant’s output is ‘works contract service’ while noting that the applicant is engaged in construction of road for the work awarded by the Government of Andhra Pradesh; Perusing Section 17(5)(c ) of CGST Act, 201...