https://www.taxtmi.com/forum/issue?id=117558 Issue: Whether rent received by a registered JV that lets out a commercial building, and the subsequent sharing of that rent between the landowner and developer partners, is subject to GST and whether the JV may claim input tax credit. One view treats future rent entitlements as actionable claims under Schedule III and not taxable; an alternative view stresses that amendments removing mutuality concepts and the specific contractual terms between JV and partners determine taxability and ITC eligibility, with prior administrative rulings seen as instructive. en-us Sat, 09 Oct 2021 10:01:33 +0530 Thu, 23 Jan 2025 15:54:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117558 Issue: Whether rent received by a registered JV that lets out a commercial building, and the subsequent sharing of that rent between the landowner and developer partners, is subject to GST and whether the JV may claim input tax credit. One view treats future rent entitlements as actionable claims under Schedule III and not taxable; an alternative view stresses that amendments removing mutuality concepts and the specific contractual terms between JV and partners determine taxability and ITC eligibility, with prior administrative rulings seen as instructive. Discussion-Forum GST Sat, 09 Oct 2021 10:01:33 +0530 https://www.taxtmi.com/forum/issue?id=117558