ITC not admissible in case of Rotary Car Parking System
By: Admin
June 10, 2024
Categories: Advance Ruling-New
4 Min Read
The AAR, Tamil Nadu in the case of In Re. M/s. A Senthil Maharaj [Advance Ruling No. 07/ARA/2024 dated April 30, 2024] ruled that, the Input Tax Credit (“ITC”) is not admissible in case of the Rotary Car Parking System as the said system is permanently fastened and is installed for the purpose of permanent enjoyment.
Facts:
M/s. A Senthil Maharaj (“the Applicant”) is engaged in the business of supplying services of immovable property by way of installation of multi-layer car parking system within the campus of existing building for the purpose of providing car parking facilities to the tenant. The Applicant has filed an application for advance ruling on whether ITC is admissible on “Rotary Parking System” which is falling under HSN Code 8428. The primary contention of the Applicant is that the Rotary Parking System is not attached to the earth permanently and therefore, cannot be construed to have the status of immovable property and therefore would not fall within the purview of blocked credit under Section 17(5)(d) of the Central Goods and Services Tax Act, 2017 (“the CGST Act”).
Issue:
Whether ITC is admissible in case of Rotary Car Parking System?
Held:
The AAR, Tamil Nadu in Advance Ruling No. 07/ARA/2024 held as under:
Observed that, the reliance is placed upon the provision of Section 3(26) of the General Clause Act, 1897, wherein the expression immovable property shall include land, benefits to arise out of land, and things attached to the earth or permanently fastened to anything attached to the earth.
Further observed that, as per Section 3 of the Transfer of Property Act, the phrase attached to earth means and includes attached to what is so imbedded for the permanent beneficial enjoyment of that to which it is attached.
Further observed that, as per the explanation to Section 17(5)(c) and Section 17(5)(d) of the CGST Act, the term construction includes re-construction, renovation, additions or alterations or repairs to the extent of capitalization to the immovable property.
Noted that, rotary car parking has been built by the Appellant with the intention to enjoy the benefit of the car parking facility which is fastened to the foundation permanently, until the system ceases to exist or function, and therefore, would not fall within the purview of movable property as the said system becomes part of the existing building.
Opined that, the installation or commissioning of “Rotary Car Parking System” received by the Applicant would fall within the purview of Section 17(5)(d) of the CGST Act.
Ruled that, ITC is not admissible on the Rotary Car Parking system.