No ITC on construction expenses for immovable property, regardless of capitalization in books

Assistant Commissioner, Shibpur Division, CGST & CX Vs. Mindrill Systems and Solutions Private Limited (GST AAAR West Bengal) The case of Assistant Commissioner, Shibpur Division, CGST & CX Vs. Mindrill Systems and Solutions Private Limited (GST AAAR West Bengal) has raised significant questions regarding the eligibility to claim and utilize the Input Tax Credit (ITC) against inward supply of inputs/input services used for the construction of a warehouse, which is then rented out. This article delves into the detailed analysis of the appellate authority’s ruling, its implications...