The Rajasthan High Court (HC) has agreed to hear companies, which have challenged a provision that denies input tax credit (ITC) under goods and services tax (GST) for taking land on long-term lease for commercial building.
Section 17(5)(c) and Section 17(5)(d) of the Central Goods and Services Tax Act, 2017, have been challenged. The two Section deal with blocked credits for works contract services when supplied for the construction of an immovable property and goods or services or both received by a taxable person for construction of an immovable property, respectively, have been challenged. The high court has issued notices to