Input tax credit removal set to hit commercial realty companies

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Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real estate companies. This amendment overturns a Supreme Court judgment favoring ITC on leased buildings. Experts suggest investors' confidence may be affected and legal challenges are expected from taxpayers.

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5geBSrq

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