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No ITC on lease rent paid in pre-operating period: AAAR
Case Law Details
- Case Name
- In re GGL Hotel and Resort Company Ltd. (GST AAAR West Bengal)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- AAAR, AAR West Bengal, Advance Rulings
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In re GGL Hotel and Resort Company Ltd. (GST AAAR West Bengal)
Whether ITC is admissible on lease rental paid for the pre-operative period for the land on which a hotel is being constructed
The Appellant acquired land from the WBHIDCL on lease paying an upfront amount as premium and a yearly lease rental @10% on the premium with an escalation clause from the third year of lease. The premium paid by the Appellant is exempted under SI. No. 41 (SAC 9972) of Notification No. 12/2017-CT(Rate) dated 28.06.2017, as amended vide Notification No. 32/2017-CT (Rate) dated 13.10.2017 and Notification No. ...
