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Real estate leasing companies in a fix over blocked credit eligibility

Real estate developers in India are facing blocked credit eligibility for leasing their properties due to a dispute over the availability of input tax credit (ITC) under certain sections of the Goods and Services Tax (GST) law. If a developer sells a commercial building before obtaining an occupancy certificate, they may be eligible for ITC.
Abhisheka Rastogi Gaurav Karnik Unity Group Supreme Court Rastogi Chambers Real Estate

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