AAR: Disallows ITC on replacement of lift/elevator being an integral part of building

Maharashtra AAR holds that manufacture, supply, installation and commissioning of lifts/ elevators is in the nature of works contract activity which results in creation of an immovable property, therefore, applicant is not entitled to ITC of GST paid on replacement of existing lift/elevator; Explains that the lift, after erection and installation, becomes part of an immovable property i.e. building and is considered as integral part of building itself; Notes that Explanation ...