Hotels Cannot Claim Input Tax Credit for Lifts; Considered Part of Building, Not Machinery Under CGST Act Sec 17.

Hotels Cannot Claim Input Tax Credit for Lifts; Considered Part of Building, Not Machinery Under CGST Act Sec 17. https://www.taxtmi.com/highlights?id=54106 Input tax credit - Purchase of Lift - credit available to Hotel or not - the lift has become part of the building and thus falls under the exclusion from plant and machinery and accordingly, we do not find any reason to interfere with the clear provisions of statute - The ITC of tax paid on Lifts procured and installed in hotel building shall not be available to the applicant as the same is blocked u/s 17 of CGST. en-us Mon, 20 Jul 2020 14:30:13 +0530 Mon, 20 Jul 2020 14:30:13 +0530 TaxTMI RSS Generator Hotels Cannot Claim Input Tax Credit for Lifts; Considered Part of Building, Not Machinery Under CGST Act Sec 17. https://www.taxtmi.com/highlights?id=54106 Input tax credit - Purchase of Lift - credit available to Hotel or not - the lift has become part of the building and thus falls under the exclusion from plant and machinery and accordingly, we do not find any reason to interfere with the clear provisions of statute - The ITC of tax paid on Lifts procured and installed in hotel building shall not be available to the applicant as the same is blocked u/s 17 of CGST. Highlights GST Mon, 20 Jul 2020 14:30:13 +0530 https://www.taxtmi.com/highlights?id=54106