https://www.taxtmi.com/article/detailed?id=16319 Input Tax Credit on charges paid to Gujarat Industrial Development Corporation for sub-division and transfer of leasehold rights in plots was held not to be blocked under Section 17(5)(d) of the CGST Act where no construction of immovable property was undertaken. The Court found that the taxpayer's activity was limited to acquiring, sub-plotting and transferring leasehold rights, and that Section 74 proceedings were unjustified in the absence of fraud, wilful misstatement or suppression of facts. The show cause notice was quashed and the credit in the electronic credit ledger was directed to be unblocked. en-us Fri, 01 May 2026 10:15:52 +0530 Fri, 01 May 2026 10:15:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16319 Input Tax Credit on charges paid to Gujarat Industrial Development Corporation for sub-division and transfer of leasehold rights in plots was held not to be blocked under Section 17(5)(d) of the CGST Act where no construction of immovable property was undertaken. The Court found that the taxpayer's activity was limited to acquiring, sub-plotting and transferring leasehold rights, and that Section 74 proceedings were unjustified in the absence of fraud, wilful misstatement or suppression of facts. The show cause notice was quashed and the credit in the electronic credit ledger was directed to be unblocked. Articles Goods and Services Tax - GST Fri, 01 May 2026 10:15:52 +0530 https://www.taxtmi.com/article/detailed?id=16319