Refund of Accumulated ITC to be Allowed on Construction of Civil Structures, Bridges, Roads, etc. Not Intended for Sale to a Buyer | Notification

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  • Last Updated on 21 October, 2023

refund of accumulated ITC

Notification No. 15/2023 dated October 19th, 2023

The CBIC has issued notification to provide that refund of accumulated ITC shall be allowed on construction of civil structures, like bridges, roads, etc., which are not intended for sale to a buyer. Earlier, the refund was restricted and this notification will be applicable prospectively.

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