ITC on lease rental of land on which Hotel is being constructed for pre-operative period

In re GGL Hotel And Resort Company Limited (GST AAR West Bangal) Whether ITC is admissible on lease rental paid for the pre-operative period for the land on which a hotel is being constructed Input Tax Credit is not available to the Applicant for lease rent paid during pre-operative period for the leasehold land on which the resort is being constructed on his own account to be used for furtherance of business, when the same is being capitalised and treated as capital expenditure. Read AAAR Order- No ITC on lease rent paid in pre-operating period: AAAR FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE...