https://www.taxtmi.com/caselaws?id=427253 The AAR Uttarakhand declined to rule on whether input tax credit is admissible for inputs and input services used in developing infrastructure for rental purposes, where rental income attracts GST. The authority noted that GST allows broader ITC availability compared to previous tax regimes, eliminating cascading effects through value chain credit offsetting. However, Section 17(5)(c)(d) of CGST Act 2017 restricts certain credits as legislative policy decisions. Citing precedent in M/s Vardhan Holidays case, the AAR refrained from answering as the matter remains sub-judice, maintaining the same position as the earlier ruling. en-us Mon, 18 Jul 2022 00:00:00 +0530 Thu, 10 Apr 2025 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427253 The AAR Uttarakhand declined to rule on whether input tax credit is admissible for inputs and input services used in developing infrastructure for rental purposes, where rental income attracts GST. The authority noted that GST allows broader ITC availability compared to previous tax regimes, eliminating cascading effects through value chain credit offsetting. However, Section 17(5)(c)(d) of CGST Act 2017 restricts certain credits as legislative policy decisions. Citing precedent in M/s Vardhan Holidays case, the AAR refrained from answering as the matter remains sub-judice, maintaining the same position as the earlier ruling. Case-Laws GST Mon, 18 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427253