No Ruling on ITC Claim for Commercial Property Used for Leasing After Withdrawal

In re Viceroy Properties LLP (GST AAR Maharashtra) The matter before the Authority for Advance Ruling, Maharashtra, involved an application filed under Section 97 of the CGST Act and MGST Act by a taxpayer seeking clarification on eligibility to avail input tax credit (ITC) on the purchase of commercial property against leasing income. The applicant had originally raised the question of whether ITC of tax paid on acquisition of commercial property could be claimed when the property is used for generating leasing income. However, during the course of proceedings, the applicant, through an email...