Input tax credit eligibility expanded to allow landowner-promoters to use developer-promoter credits for apartments; service rate adjusted. The notification adds an express provision allowing a landowner-promoter to utilise input tax credit charged by a developer-promoter for payment of tax on apartments supplied by the landowner-promoter in the same project, and inserts maintenance, repair or overhaul services for ships and vessels and their components into the Table with the corresponding rate entry while updating cross references; the amendments are effective from 2nd June, 2021.
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 eligibility expanded to allow landowner-promoters to use developer-promoter credits for apartments; service rate adjusted.
The notification adds an express provision allowing a landowner-promoter to utilise input tax credit charged by a developer-promoter for payment of tax on apartments supplied by the landowner-promoter in the same project, and inserts maintenance, repair or overhaul services for ships and vessels and their components into the Table with the corresponding rate entry while updating cross references; the amendments are effective from 2nd June, 2021.
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