AdvertisementIn re Chemizon Private Limited (GST AAAR Uttarakhand) The Appellate Authority for Advance Rulings, Uttarakhand considered an application filed by M/s Chemizone Private Limited seeking an advance ruling on whether it could claim refund or Input Tax Credit (ITC) of GST paid or payable on the upfront payment of lease amount made to M/s Eldeco Sidcul Industrial Park Limited (ESIPL) for securing an industrial plot on a long-term lease. The applicant proposed to construct a factory on the leased land for manufacturing activities. The applicant stated that ESIPL, a joint venture Special Purpose Vehic...