Co-working firms want Budget 2024 to provide for ITC and allow green credits
Hindustan TimesWith just a day to go for Budget 2024, flexible office firms are hoping that it will provide benefits to co-working companies such as lower goods and services tax, input tax credit and sops for firms that adopt energy efficient practices. Co-working firms are hoping that Budget 2024 will provide benefits such as lower goods and services tax, input tax credit and sops for companies that adopt energy efficient practices Budget 2024 will be presented by Finance Minister Nirmala Sitharaman on February 1. “We also expect that Budget 2024 would enable co-working firms to claim input credit on work contract and construction services supplied so that it is passed on to companies who lease out space and thereby help reduce their overall costs,” he said. Siddharth Verma, Head, BuzzWorks by Brigade Group said that Budget 2024 should consider providing tax incentives directed towards infrastructure improvements such as smart technology and modern amenities.
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