Input Tax Credit — 1. Annuity payments are exempted by virtue of Entry No. 23A of the notification No. 12/2017-Central Tax (Rate) dated 28.06.2017. However, only 50% ITC of the GST paid on the Input and Input service used in the construction phase is available to the Appellant subject to the provisions of Section 17(5) of the Central GST Act, 2017.

2. Full ITC of the GST paid on the inputs and input services used in the O&M phase is available to the subject to the provisions of Section 17(5) of the Central GST Act, 2017. — Nagaur Mukundgarh Highwys Pvt. Ltd., Udaipur (Nmhpl), In Re… [2019] 09 TAXLOK.COM 068 (AAAR-Rajasthan)