Section 17(5)(d) typically disallows Input Tax Credit (ITC) on construction materials used for immovable property (except for plant or machinery)
The Supreme Court, on Thursday, October 3, ruled that if the construction of a building is necessary for providing services such as renting or leasing, it may qualify as an exception under the “plant” provision in Section 17(5)(d) of the Central Goods and Services Tax ( CGST ) Act. This section typically disallows Input Tax…
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