HC : Reads down Section 17(5), extends ITC on inputs/services used for mall construction

Orissa HC extends credit on input materials/services used for construction of shopping malls against CGST/OGST payable on rent received from tenants on account of letting of units in mall; Finds force in assessee’s plea that denial of ITC in respect of building meant and intended to be let out would amount to treating it as identical to a building meant and intended to be sold, and that the tax chain is not broken in cases where building in constructed for purpose...