https://www.taxtmi.com/article/detailed?id=12687 The admissibility of ITC on supply, installation and commissioning of central HVAC and ventilation works depends on whether the composite supply constitutes a works contract resulting in transfer of an immovable property; where assembled components lose standalone identity and are permanently affixed to the building, the supply is treated as works contract for construction of immovable property and ITC is blocked under the statutory restriction. en-us Wed, 12 Jun 2024 08:19:52 +0530 Wed, 12 Jun 2024 08:19:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12687 The admissibility of ITC on supply, installation and commissioning of central HVAC and ventilation works depends on whether the composite supply constitutes a works contract resulting in transfer of an immovable property; where assembled components lose standalone identity and are permanently affixed to the building, the supply is treated as works contract for construction of immovable property and ITC is blocked under the statutory restriction. Articles Goods and Services Tax - GST Wed, 12 Jun 2024 08:19:52 +0530 https://www.taxtmi.com/article/detailed?id=12687