https://www.taxtmi.com/caselaws?id=450892 AAR held that no input tax credit is available on goods/services used for constructing godowns intended for commercial rental to registered dealers. The authority ruled that under section 17(5)(d) of GST Act, input tax credit on construction of immovable property for one's own account is restricted. The legislative scheme clearly prohibits such credit flow, and taxpayers must adhere to prescribed restrictions regardless of individual business requirements or suitability. en-us Tue, 19 Dec 2023 00:00:00 +0530 Mon, 28 Apr 2025 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450892 AAR held that no input tax credit is available on goods/services used for constructing godowns intended for commercial rental to registered dealers. The authority ruled that under section 17(5)(d) of GST Act, input tax credit on construction of immovable property for one's own account is restricted. The legislative scheme clearly prohibits such credit flow, and taxpayers must adhere to prescribed restrictions regardless of individual business requirements or suitability. Case-Laws GST Tue, 19 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450892