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

Last updated: 04 October 2024

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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