Input tax credit denial for construction-related goods and services excludes immovable property except plant and machinery. ITC is not available for goods or services used in constructing immovable property other than plant and machinery; plant and machinery means apparatus, ... Summary
Input tax credit denial for construction-related goods and services excludes immovable property except plant and machinery.
ITC is not available for goods or services used in constructing immovable property other than plant and machinery; plant and machinery means apparatus, equipment, and machinery fixed to earth by foundation or structural support, and excludes land and building.
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