Input tax credit: landowner-promoters may utilise developer-charged credit for tax on apartments; ship maintenance services added. The notification amends the State GST rate schedule to allow 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 a new taxable-service entry for maintenance, repair or overhaul services of ships, vessels, engines and components, with consequential editorial substitutions; the amendments take effect from the 2nd day of 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: landowner-promoters may utilise developer-charged credit for tax on apartments; ship maintenance services added.
The notification amends the State GST rate schedule to allow 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 a new taxable-service entry for maintenance, repair or overhaul services of ships, vessels, engines and components, with consequential editorial substitutions; the amendments take effect from the 2nd day of June, 2021.
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