Case LawCASE NO. 32 OF 2018 AND ORDER NO. 30/WBAAR/2018-19
GGL Hotel & Resort Company Ltd., In re
- Court:
- Authority for Advance Ruling
- Bench:
- West Bengal
- Date:
- January 8, 2019
- Type:
- Advance Ruling
- Members:
- SYDNEY D' SILVA AND PARTHASARATHI DEY
Subject
ITC is not available on rent paid for leasehold land acquired for construction of a resort
Input Tax Credit
Summary
The Applicant, stated to be in the hospitality and real estate business and is contemplating a new project on a leasehold land, seeks a ruling as to whether Input Tax Credit is available for lease rent paid during pre-operative period for the leaseho…
Judgement
1. The Applicant, stated to be in the hospitality and real estate business and is contemplating a new project on a leasehold land, seeks a ruling as to whether Input Tax Credit is available for lease rent paid during pre-operative period for the leasehold land on which the resort is being constructed to be used for furtherance of business, when the same is capitalised and treated as capital expend…