https://www.taxtmi.com/caselaws?id=380550 The court held that Section 17(5)(d) of the CGST Act should be read down to exclude properties intended for letting out from the denial of Input Tax Credit (ITC). The court emphasized that denying ITC for such properties would lead to double taxation, making them uncompetitive. While not declaring the provision ultra vires, the court granted the petitioners' prayer to allow ITC for properties intended for letting out, aligning with the objective of preventing the cascading effect of taxes and reducing the cost burden on consumers. en-us Wed, 17 Apr 2019 00:00:00 +0530 Sat, 08 Mar 2025 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380550 The court held that Section 17(5)(d) of the CGST Act should be read down to exclude properties intended for letting out from the denial of Input Tax Credit (ITC). The court emphasized that denying ITC for such properties would lead to double taxation, making them uncompetitive. While not declaring the provision ultra vires, the court granted the petitioners' prayer to allow ITC for properties intended for letting out, aligning with the objective of preventing the cascading effect of taxes and reducing the cost burden on consumers. Case-Laws GST Wed, 17 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380550