https://www.taxtmi.com/caselaws?id=415344 The authority ruled that the GST amount borne by M/s JM Chemicals on the lease premium is blocked credit under Section 17(5)(d) of the CGST Act and is thereby ineligible for availment. The ruling is based on the exclusion of land from the definition of "plant and machinery," the purpose of construction indicated by the term "for" in Section 17(5)(d), the GST Council's position on leasing of land for construction, and adherence to the Delhi High Court's ruling. M/s JM Chemicals cannot claim ITC on the GST paid for the lease premium. en-us Mon, 18 Oct 2021 00:00:00 +0530 Sat, 29 Mar 2025 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415344 The authority ruled that the GST amount borne by M/s JM Chemicals on the lease premium is blocked credit under Section 17(5)(d) of the CGST Act and is thereby ineligible for availment. The ruling is based on the exclusion of land from the definition of "plant and machinery," the purpose of construction indicated by the term "for" in Section 17(5)(d), the GST Council's position on leasing of land for construction, and adherence to the Delhi High Court's ruling. M/s JM Chemicals cannot claim ITC on the GST paid for the lease premium. Case-Laws GST Mon, 18 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415344