Input tax credit: landowner promoters may utilise developer charged credit for apartments; service list updated for vessel repairs. The notification permits a landowner promoter to utilise the credit of tax charged to him by the developer promoter for payment of tax on apartments supplied by the landowner promoter in the same project, and inserts a new taxable service entry for maintenance, repair or overhaul services of ships, vessels, engines and components, updating the Table entries and related cross references accordingly.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit: landowner promoters may utilise developer charged credit for apartments; service list updated for vessel repairs.
The notification permits a landowner promoter to utilise the credit of tax charged to him by the developer promoter for payment of tax on apartments supplied by the landowner promoter in the same project, and inserts a new taxable service entry for maintenance, repair or overhaul services of ships, vessels, engines and components, updating the Table entries and related cross references accordingly.
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