No ITC Claim against Inward Supply of Input used for Construction of Warehouse when Construction Expenses are Capitalized in Books: AAR [Read Order]

By Kalyani B. Nair - On July 5, 2023 10:15 pm - 2 mins read
ITC claim - inward supply of input - construction of warehouse - construction expenses - capitalized in books AAR - AAR - taxscan

The West Bengal Authority of Advance Ruling (AAR), ruled that there can be no Input Tax Credit (ITC) claim against inward supply of input used for construction of warehouse when construction expenses are capitalized in the books. The applicant, Mindrill Systems and Solutions Private Limited, submitted that it has constructed a warehouse / godown with…

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