ITC Not Available On Cess For Electricity Supplied To Residential Township: Chhattisgarh High Court

The Chhattisgarh High Court has ruled that "Input Tax Credit (ITC) is not available on cess for electricity supplied to a residential township." The court’s decision clarifies a contentious issue and is a significant victory for the tax department. The ruling reinforces the principle that ITC is only available on goods and services used for business purposes. This judgment is a crucial precedent for other companies with residential townships.