Input tax credit entitlement now allows landowner-promoters to utilise developer-promoter charged tax for apartment tax payment. The notification amends the State Tax (Rate) table to allow a landowner-promoter to utilise the input tax credit charged to him by a developer-promoter for payment of tax on apartments supplied by the landowner-promoter in the same project, and inserts a new item covering maintenance, repair or overhaul services for ships and vessels (including engines and parts), with related textual substitutions to incorporate the new entry. The amendments are effective from 2 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 entitlement now allows landowner-promoters to utilise developer-promoter charged tax for apartment tax payment.
The notification amends the State Tax (Rate) table to allow a landowner-promoter to utilise the input tax credit charged to him by a developer-promoter for payment of tax on apartments supplied by the landowner-promoter in the same project, and inserts a new item covering maintenance, repair or overhaul services for ships and vessels (including engines and parts), with related textual substitutions to incorporate the new entry. The amendments are effective from 2 June 2021.
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