Writ admitted for examining validity of provisions restricting ITC on construction of building for letting out on rent
Last updated: 27 October 2020
Court :
Karnataka High Court
Brief :
The Hon'ble HC, Karnataka in Bagmane Developers v. Union of India [W.P. No. 9430/2020 dated October 22, 2020] stayed demand of Rs. 62 crore in a writ petition challenging credit restriction under Section 17(5)(c) and (d) of Central Goods and Services Tax Act, 2017 ("CGST Act") on construction of building used for letting out wherein GST is paid on rent.
Citation :
W.P. No. 9430/2020 dated October 22, 2020
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Bimal Jain
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