Supreme Court’s Ruling on ITC for Immovable Property: A Game-Changer
In a significant ruling on October 3, 2024, the Supreme Court clarified the eligibility for Input Tax Credit (ITC) on immovable property under the Central Goods and Services Tax (CGST) Act, 2017. This decision impacts businesses, especially in the real estate and leasing sectors, by potentially allowing ITC on construction costs for commercial properties under […]
