AAAR Tamil Nadu Holds ITC Blocked on GST Paid for Leasehold Rights Used in Construction of Immovable Property Not Qualifying as Plant and Machinery
The Appellate Authority for Advance Ruling, Tamil Nadu, has ruled that Input Tax Credit (ITC) of GST paid on acquiring leasehold rights for land used in constructing an Air Separation Plant is blocked under Section 17(5)(d) of the CGST/TNGST Acts, as the facility does not qualify as ‘plant and machinery’ under the statutory definition.
