Suswani Foundations Private Limited ., In re
Date: December 18, 2023
Subject Matter
No ITC is available on the inputs when the godowns constructed are meant for renting out for commercial purposes
Summary
The case law involves an applicant seeking an Advance Ruling on whether Input Tax Credit (ITC) is available on the inputs and input services used for constructing godowns intended for renting out for commercial purposes to registered tenants. The app…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, TAMILNADU M/s. Suswani Foundations Private Limited, No. 125 – 90 and 90/1, Sydenhams Road, Choolai, Chennai – 600003(hereinafter referred to as the ‘Applicant1) are registered under the GST Acts with GSTIN: 33AAVFK6262D1Z6. They have preferred an application seeking Advance Ruling on the following:- “Whether ITC is ava…