Input tax credit eligibility extended to landowner-promoters for apartments; ship maintenance services newly specified in the rate table. The notification permits a landowner-promoter to utilise input tax credit charged by the developer-promoter for payment of tax on apartments supplied by the landowner-promoter in the project, and inserts maintenance, repair or overhaul services for ships and other vessels, their engines and components, as a distinct Table entry with updated rate and cross-references; the amendment is effective from the 2nd day of June, 2021.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit eligibility extended to landowner-promoters for apartments; ship maintenance services newly specified in the rate table.
The notification permits a landowner-promoter to utilise input tax credit charged by the developer-promoter for payment of tax on apartments supplied by the landowner-promoter in the project, and inserts maintenance, repair or overhaul services for ships and other vessels, their engines and components, as a distinct Table entry with updated rate and cross-references; the amendment is effective from the 2nd day of June, 2021.
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