https://www.taxtmi.com/forum/issue?id=119314 Entitlement to input tax credit for construction of a factory for letting depends on whether the construction qualifies as a works contract for the contractor and whether the resulting building qualifies as a plant or machinery for the owner under the functionality test; the latter is a fact sensitive inquiry focused on whether the building is essential to the supplier's business of renting or leasing and performs the functional role of a plant, and adjudicating authorities retain discretion in assessing entitlement. en-us Fri, 20 Sep 2024 20:24:12 +0530 Fri, 24 Jan 2025 10:40:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119314 Entitlement to input tax credit for construction of a factory for letting depends on whether the construction qualifies as a works contract for the contractor and whether the resulting building qualifies as a plant or machinery for the owner under the functionality test; the latter is a fact sensitive inquiry focused on whether the building is essential to the supplier's business of renting or leasing and performs the functional role of a plant, and adjudicating authorities retain discretion in assessing entitlement. Discussion-Forum GST Fri, 20 Sep 2024 20:24:12 +0530 https://www.taxtmi.com/forum/issue?id=119314