AAAR : Modifies AAR, Disallows ITC on supplies received towards residential colony, guest house, trainee hostel

Feb 22,2019

AAAR upholds order of AAR that inward supplies received by way of management, repair, renovation, alteration or maintenance service or goods received for furnishing residential colony shall not qualify for ITC if same has been capitalised; Explains that provision of housing is nothing but a ‘perquisite’ which is outside the scope of GST as clarified by CBIC vide Press Release dated October 10, 2017, therefore, ITC is inadmissible in respect of tax paid on goods and servic...

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