BusinessGST Council May Consider ITC Relief for Realty and Hospitality
The GST Council is set to review proposals to rationalize input tax credit (ITC) in sectors like real estate, construction, hospitality, and tourism. Discussions include allowing ITC on pipelines outside factory premises used for business, benefiting industries such as refining, petrochemicals, and telecom. This move aims to reduce tax costs for large industrial and infrastructure projects where pipelines are significant capital expenses.
Business Standard·




