Unutilized ITC will not be Refunded on Construction Services under UTGST [Read Notification]

UTGST - ITC - Construction - Taxscan

The Central Board of Excise and Customs recently notified that refund is not allowable under the Union Territory Goods and Services Tax (UTGST) Act in case of construction works.

Earlier, the GST Council had decided that no refund of unutilised input tax credit shall be allowed under clause (xiv) of section 21 of the said Union Territory Goods and Services Tax Act.

The notification is applicable w.e.f 1st July 2017.

Read the full text of the Notification below.