Admissibility of input tax credit on upfront lease premium

In re Kamarajar Port Limited (GST AAR Tamilnadu)

Whether input tax credit can be claimed on upfront lease premium paid? If the answer is affirmative, in what manner the input tax credit can be availed?

As per Section 16(1), a registered person is entitled to take credit of Input Tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business. Section 16(2) provides that such p

Please become a Premium member. If you are already a Premium member, login here to access the full content.