ITC Blocked for Immovable Property Construction Under Section 17(5): Limited Exceptions Apply for Plant and Machinery

ITC Blocked for Immovable Property Construction Under Section 17(5): Limited Exceptions Apply for Plant and MachineryCase-LawsGSTThe AAR ruled that Input Tax Credit (ITC) is not eligible for construction of immovable property under section 17(5)(c) and (d

ITC Blocked for Immovable Property Construction Under Section 17(5): Limited Exceptions Apply for Plant and Machinery
Case-Laws
GST
The AAR ruled that Input Tax Credit (ITC) is not eligible for construction of immovable property under section 17(5)(c) and (d). The SC's interpretation in Safari Retreats P Ltd clarified that ITC is blocked for works contract services involving construction of immovable property, with limited exceptions for plant and machinery. In this case, the pre-engine

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =