Tuesday, August 11, 2020

GST: ITC can’t be availed on payment of Lease Premium Charges towards Land lease for business purpose: AAR

The Telangana Authority of Advance Ruling (AAR) held that the applicant, M/s. Daicel Chiral Technologies (India) Private Limited is not eligible to avail Input Tax Credit(ITC) on payment of one time Lease Premium Charges towards land lease for business purposes. The Applicant, M/s. Daicel Chiral Technologies (India) Private Limited is engaged in providing Pharmaceutical Research […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2DGeLpC

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