GST Newsletter May-2019

As per Section 17(5) of the CGST Act, 2017 Input Tax Credit (ITC) on works contract services and goods or services received by any person in relation to an immovable property (not being a plant and machinery) are ineligible to be claimed by the taxable person receiving them. This ineligibility is applicable regardless of whether such goods or services are obtained in the course of business or furtherance of business.

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