Input tax credit eligibility clarified for landowner promoters; ship maintenance services added to specified GST rate schedule. The notification amends the State Tax (Rate) schedule to permit 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 same project, and inserts a separate taxable entry for maintenance, repair or overhaul services of ships, their engines and components, with consequential revision of related cross references. The amendment is effective from 2 June 2021.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit eligibility clarified for landowner promoters; ship maintenance services added to specified GST rate schedule.
The notification amends the State Tax (Rate) schedule to permit 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 same project, and inserts a separate taxable entry for maintenance, repair or overhaul services of ships, their engines and components, with consequential revision of related cross references. The amendment is effective from 2 June 2021.
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