https://www.taxtmi.com/forum/issue?id=117837 The statutory position classifies input tax on construction of immovable property for letting as blocked credit, precluding ITC. A conflicting high court decision permitted credit but appellate resolution is pending, producing divergent practitioner approaches-claiming credit then not utilising or reversing under protest versus adhering to the statutory bar. The forum also queried the interaction between GST ITC claims and income tax depreciation claimed on the same asset. en-us Fri, 04 Mar 2022 13:43:26 +0530 Thu, 23 Jan 2025 15:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117837 The statutory position classifies input tax on construction of immovable property for letting as blocked credit, precluding ITC. A conflicting high court decision permitted credit but appellate resolution is pending, producing divergent practitioner approaches-claiming credit then not utilising or reversing under protest versus adhering to the statutory bar. The forum also queried the interaction between GST ITC claims and income tax depreciation claimed on the same asset. Discussion-Forum GST Fri, 04 Mar 2022 13:43:26 +0530 https://www.taxtmi.com/forum/issue?id=117837