https://www.taxtmi.com/article/detailed?id=8639 The AAAR held that annuity receipts for access to a road or bridge are exempt under the exemption notification and must be treated as exempt supplies for input tax credit apportionment; consequently only fifty percent of ITC on inputs and input services used in the construction phase is available, while full ITC is available for inputs used in taxable O&M services, subject to general restrictions on blocked credits. en-us Sat, 27 Jul 2019 06:26:42 +0530 Sat, 27 Jul 2019 06:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8639 The AAAR held that annuity receipts for access to a road or bridge are exempt under the exemption notification and must be treated as exempt supplies for input tax credit apportionment; consequently only fifty percent of ITC on inputs and input services used in the construction phase is available, while full ITC is available for inputs used in taxable O&M services, subject to general restrictions on blocked credits. Articles Goods and Services Tax - GST Sat, 27 Jul 2019 06:26:42 +0530 https://www.taxtmi.com/article/detailed?id=8639