Input tax credit should be available for construction of plant and machinery, says ruling

The ruling, by the Telangana Authority of Advance Ruling (AAR) on December 9, said that the input tax credit under Goods and Services Tax (GST) is not available for the construction of immovable property except if it happens to be for plant and machinery.

from Economy-News-Economic Times https://ift.tt/3mtmtqb
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