Input Tax Credit Denied for Employee Housing Costs: No ITC on Goods/Services for Maintenance of Residential Accommodation.

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Full Text of the Document

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....Input Tax credit (ITC) - provision of housing to its employees by the assessee is nothing but a perquisite - ITC shall not be allowed in respect of tax paid on goods and services procured by it for management, repair, renovation, alteration or maintenance services pertaining to residential accommodation for its employees in township/colony.....