AAAR: Disallows credit on facility installation i.e. chiller, CCTV, surveillance system, DG Set, etc. to mall developer

Karnataka AAAR upholds AAR order which held the appellant, a developer of shopping mall, ineligible of the credit of the taxes paid on the procurement and installation of chiller, air handling unit, Indoor/Outdoor Surveillance System, PHE, CCTV, etc. u/s 17(5) of CGST Act, 2017; Notes that appellant was constructing a shopping mall which it intended to lease/rent out for housing departmental stores, retail shops, food courts, multiplex cinema theatre complex and a hypermarket...