ISSUE:
Whether or not the applicant is entitled to avail input tax credit (ITC) on the GST charged by the contractor supplying the service of works contract to the extent of machine Foundation?
RULE:
The relevant rule in the case is Section 17(5)(c) of the Central Goods and Services Tax Act, 2017. This section provides that input tax credit (ITC) is available on goods and services used for the construction of a building for the purpose of business or renting to others.