https://www.taxtmi.com/article/detailed?id=12446 The appellate authority ruled that input tax credit is not available for goods or services received for construction of immovable property that is let out for commercial purposes, treating such construction and related works contract services as blocked credit under clauses (c) and (d) of sub section (5) of Section 17 of the CGST Act; the authority read the explanation to clause (d) as blocking credit where reconstruction, renovation, additions or alterations are capitalized, and concluded that construction activity generally disallows ITC. en-us Fri, 22 Mar 2024 10:45:33 +0530 Fri, 22 Mar 2024 10:45:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12446 The appellate authority ruled that input tax credit is not available for goods or services received for construction of immovable property that is let out for commercial purposes, treating such construction and related works contract services as blocked credit under clauses (c) and (d) of sub section (5) of Section 17 of the CGST Act; the authority read the explanation to clause (d) as blocking credit where reconstruction, renovation, additions or alterations are capitalized, and concluded that construction activity generally disallows ITC. Articles Goods and Services Tax - GST Fri, 22 Mar 2024 10:45:33 +0530 https://www.taxtmi.com/article/detailed?id=12446