Input tax credit: landowner-promoter may utilise developer-promoter charged credit for apartment tax; ship maintenance services specified. The notification adds that a landowner-promoter may utilise input tax credit charged by the developer-promoter for payment of tax on apartments supplied by the landowner-promoter in the same project, and inserts maintenance, repair and overhaul services for ships, vessels, engines and components as a newly specified taxable service, with cross-references updated accordingly; the amendment is 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: landowner-promoter may utilise developer-promoter charged credit for apartment tax; ship maintenance services specified.
The notification adds that a landowner-promoter may utilise input tax credit charged by the developer-promoter for payment of tax on apartments supplied by the landowner-promoter in the same project, and inserts maintenance, repair and overhaul services for ships, vessels, engines and components as a newly specified taxable service, with cross-references updated accordingly; the amendment is effective from 2nd June, 2021.
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