Input tax credit utilisation: landowner-promoters may use developer-promoter charged tax credit to pay tax on supplied apartments. Amendment 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 such project, creating an express intra-project input tax credit entitlement.
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 utilisation: landowner-promoters may use developer-promoter charged tax credit to pay tax on supplied apartments.
Amendment 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 such project, creating an express intra-project input tax credit entitlement.
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