GST paid on Construction of Immovable Property intending to Let Out eligible for Input Tax Credit: Odisha HC

The Odisha High Court,in a significant ruling, held that input tax credit is available in respect of GST paid while constructing the immovable property intending to let out for rent. The petitioner contrasted an immovable property intending to let out the same for rent. The petitioner claimed that input tax credit can be availed on the same since they are mainly carrying on the business activ…