Court Dismisses ITC Claim on Construction Goods; Fact-Finding Required to Determine Eligibility as 'Plant'.
Case-Laws
GST
The case pertains to the validity of input tax credit (ITC) availed on construction goods for a building leased to an educational institution. The Supreme Court held that each case involving malls or buildings must undergo a fact-finding inquiry to determine if it satisfies the functionality test of being a 'plant' u/s 17(5)(d). If the building qualifies as a plant,
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