ITC of GST on construction of works contract service for payment against Renting of immovable property

In re Satya Dev Bommireddy (GST AAAR Telangana)

The Authority for Advance Ruling passed its order and denied the Input Tax Credit on services of purchase of under construction commercial property received by the appellant for utilizing the same for payment of GST on supply of output service i.e., lease of immovable property. Further the authority ruled that Clause 2(b), 5(b) of Schedule and Section 17(5) (c) are different and distinct provisions under the Act.

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