https://www.taxtmi.com/manuals?id=7967 The availability of input tax credit for goods and services used in constructing immovable property depends on a factual functionality test to determine whether the building qualifies as a plant or machinery. If a building is planned and constructed to meet an assessee's special technical requirements, it may be treated as a plant and eligible for ITC against supplies such as renting or leasing; if construction is for the recipient's own use the input chain is broken and ITC is not available. The Court remitted factual determination to the High Court and noted a proposed retrospective amendment replacing "plant or machinery" with "plant and machinery". en-us Wed, 06 Aug 2025 16:52:00 +0530 Mon, 11 Aug 2025 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=7967 The availability of input tax credit for goods and services used in constructing immovable property depends on a factual functionality test to determine whether the building qualifies as a plant or machinery. If a building is planned and constructed to meet an assessee's special technical requirements, it may be treated as a plant and eligible for ITC against supplies such as renting or leasing; if construction is for the recipient's own use the input chain is broken and ITC is not available. The Court remitted factual determination to the High Court and noted a proposed retrospective amendment replacing "plant or machinery" with "plant and machinery". Manuals GST Wed, 06 Aug 2025 16:52:00 +0530 https://www.taxtmi.com/manuals?id=7967