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supreme court of india Supreme Court Allows Input Tax Credit (ITC) on Construction Expenses

Supreme Court Allows Input Tax Credit (ITC) on Construction Expenses

October 4, 2024
Exception for Commercial Buildings Used for Renting or Leasing In a significant ruling expected to boost investment in commercial real estate, the Supreme Court of India has permitted input tax credit (ITC) on construction expenses for buildings intended to be leased or rented out. This decision brings much-needed relief to the commercial real estate sector....
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