Rajasthan HC to consider challenge to denial of ITC entitlement for building construction

Rajasthan HC issues notice in writ challenging vires of blocked credit provision under the CGST Act inasmuch as it prevents the Petitioner from availing ITC of GST paid on goods or services procured for the construction of immovable property intended to be used in the course of business; Petitioner took land on long-term lease from RIICO on payment of 18% GST which was intended to be used either for construction of a commercial complex or construction of hotel which could be ...