https://www.taxtmi.com/caselaws?id=764450 AAAR held that ITC on GST paid for surrender of leasehold rights is ineligible and dismissed the appeal. Relying on SC precedent treating "plant or machinery" by functionality, the authority noted a building may qualify as plant and permit ITC for renting/leasing services if statutory conditions are met; however, where construction is undertaken for the recipient's own use the input tax chain breaks. As the appellant did not refute that construction would be for its use, GST on surrender of leasehold rights cannot be claimed as ITC. en-us Mon, 30 Dec 2024 00:00:00 +0530 Tue, 04 Nov 2025 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764450 AAAR held that ITC on GST paid for surrender of leasehold rights is ineligible and dismissed the appeal. Relying on SC precedent treating "plant or machinery" by functionality, the authority noted a building may qualify as plant and permit ITC for renting/leasing services if statutory conditions are met; however, where construction is undertaken for the recipient's own use the input tax chain breaks. As the appellant did not refute that construction would be for its use, GST on surrender of leasehold rights cannot be claimed as ITC. Case-Laws GST Mon, 30 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764450