The Varachha Co Op Bank Ltd ., In re
Date: October 4, 2023
Subject Matter
ITC is blocked for Central Air Conditioning Plant, Lift, Electrical Fittings, Fire Safety Extinguishers, Architect Service and Interior Decorator fees. AAR ruling upheld
Summary
1. Input Tax Credit is admissible on New Locker Cabinet and Generator. 2. Input Tax Credit is blocked under Section 17(5)(c ) CGST Act for: Central Air Conditioning Plant; Lift; Electrical Fittings; Fire Safety Extinguishers 3. Input Tax Credit is bl…
At the outset we would like to make it clear that the provisions of the Central Goods and Services Tax Act, 2017 and Gujarat Goods and Services Tax Act, 2017 (hereinafter referred to as the ‘CGST Act, 2017’ and the ‘GGST Act, 2017’) are in pari materia and have the same provisions in like matter and differ from each other only on a few specific provisions. Therefore,…