Writ admitted for examining validity of provisions restricting ITC on construction of building for letting out on rent

Bagmane Developers Vs Union of India (Karnataka High Court) The Hon’ble HC, Karnataka in Bagmane Developers v. Union of India [W.P. No. 9430/2020 dated October 22, 2020] stayed demand of Rs. 62 crore in a writ petition challenging credit restriction under Section 17(5)(c) and (d) of Central Goods and Services Tax Act, 2017 (CGST Act) on construction of building used for letting out wherein GST is paid on rent. Facts: Bagmane Developers (“the Petitioner”) is engaged in taxable services such as commercial/industrial construction service, works contract services, repair services and renting...