Leasehold Rights Aren’t Construction, ITC Cannot Be Blocked Under Section 17(5) of the CGST Act: Gujarat High Court

The Gujarat High Court held that GST input tax credit on leasehold rights is admissible, ruling it is not barred under Section 17(5) of the CGST Act, 2017. The Court clarified the transaction was not construction and found Section 17(5)(d) misinterpreted.