Supreme Court Allows GST ITC on Construction Costs for Buildings Essential for Rental Services

Last updated: 04 October 2024 Follow on Google News

On October 3, 2024, the Supreme Court ruled that buildings essential for supplying services such as renting may qualify for the "plant" exception under Section 17(5)(d) of the Central Goods and Services Tax (CGST) Act. This provision typically prohibits claiming Input Tax Credit (ITC) for constructi

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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