- Indian industry bodies want wider GST input tax credit for data centres and other capital-intensive businesses, especially on construction and employee-related expenses.
- They say Section 17(5) currently blocks ITC on immovable property construction and materials like cement and steel, raising project costs.
- Industry argues this makes Indian firms less competitive globally and causes indirect taxes to remain stuck in the supply chain.
- They want India’s GST rules to align more closely with global VAT practices.
Source: datacenters.economictimes.indiatimes.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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