https://www.taxtmi.com/caselaws?id=373323 The ruling determined that Input Tax Credit is not available for lease rent paid during the pre-operative period for construction of a resort on leasehold land when treated as capital expenditure. The lease rent was considered part of the construction cost for immovable property, falling under section 17(5)(d) of the GST Act. The ruling clarified that such lease rental is not eligible for input tax credit, as it does not have a direct or indirect nexus with the construction of the resort. en-us Tue, 08 Jan 2019 00:00:00 +0530 Wed, 05 Mar 2025 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373323 The ruling determined that Input Tax Credit is not available for lease rent paid during the pre-operative period for construction of a resort on leasehold land when treated as capital expenditure. The lease rent was considered part of the construction cost for immovable property, falling under section 17(5)(d) of the GST Act. The ruling clarified that such lease rental is not eligible for input tax credit, as it does not have a direct or indirect nexus with the construction of the resort. Case-Laws GST Tue, 08 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373323