Real estate seeks input tax credit for leasing activities

19 Jan 2021 CW Staff

Realty developers and global institutional investors with exposure to commercial real estate have approached the government seeking input tax credit (ITC) for leasing activity.

Representatives from international funds, private equity players and leading real estate developers will be meeting officials of the Ministry of Finance this week following the submissions made by them in this matter, media sources say.

These entities are seeking input tax credit on goods or services used for the construction of immovable property against leasing services, which is currently restricted under Section 17(5) of the Central Goods & Services Tax Act, 2017. Under the earlier service tax regime, a developer constructing premises used for leasing was not restricted from availing Central Value Added Tax (CENVAT) credit (input tax credit) on service tax paid on services other than works contract services.

Under the current GST regime, credit on all inputs and input services are blocked to the same developer, as per a submission made to the government by Asia Pacific Real Estate Association.

Image Source

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..