https://www.taxtmi.com/article/detailed?id=8743 Input tax credit on lease rent paid during the pre operative period was disallowed because the lessee was found to be constructing and capitalizing an immovable eco resort on its own account for furtherance of business; lease rent was directly linked to the integrated project and thus falls within the blocked credit prohibition applicable to inputs used in construction of immovable property, while the lease premium was exempt and not eligible for credit. en-us Fri, 27 Sep 2019 16:52:00 +0530 Fri, 27 Sep 2019 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8743 Input tax credit on lease rent paid during the pre operative period was disallowed because the lessee was found to be constructing and capitalizing an immovable eco resort on its own account for furtherance of business; lease rent was directly linked to the integrated project and thus falls within the blocked credit prohibition applicable to inputs used in construction of immovable property, while the lease premium was exempt and not eligible for credit. Articles Goods and Services Tax - GST Fri, 27 Sep 2019 16:52:00 +0530 https://www.taxtmi.com/article/detailed?id=8743