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INOX cannot utilise ITC of GST restricted under Section 17(5)(d) Charged by IPL
Case Law Details
- Case Name
- In re INOX Air Products Pvt Ltd (GST AAR Tamilnadu)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- AAR Tamilnadu, Advance Rulings
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In re INOX Air Products Pvt Ltd (GST AAR Tamilnadu)
Whether INOX would be entitled to avail and utilize ITC of GST Charged by IPL if such transaction is considered to be a supply?
In the case at hand, it is seen that INOX had paid ‘consideration’ to IPL, for agreeing to partwith their rights in the leasehold held by IPL, on the land required by the applicant. IPL had consented against such consideration and applied for withdrawing the leasehold held by them in favour of the applicant and on approval by SIPCOT, the applicant has entered into a lease agreement with SIPCOT on payment ...
