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| June 2023 (Week 3) | ||
GST NEWS BULLETIN
GST ITC is available on taxable works contract services for the construction of hotel building
The Hon’ble Tripura High Court in M/s. SR Constructions v. The Union of India and Ors. [W.P.(C) No. 399 of 2022 dated April 4, 2023] held that the assessee is entitled to take Input Tax Credit (“ITC”) on taxable work contract services availed for the supply of construction of immovable property.
Cash-credit account cannot be attached by revenue, being not debt
The Hon’ble Calcutta High Court, in the case of J. L. Enterprises v. Assistant Commissioner, State Tax [W.P.A. No. 12132 of 2023 dated May 25, 2023] held that the cash-credit facility is not a debt, and thus cannot be attached through provisional attachment order.
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