In October 2024 the Supreme Court held that a building could qualify as 'plant' for input tax credit. Within months, Parliament retrospectively amended Section 17(5)(d) of the CGST Act from 1 July 2017. This paper examines what survives of the judgment and how taxpayers should position open claims.
Oct 26, 2026Indirect Tax
Indirect TaxSafari Retreats and the Retrospective Amendment: GST Credit on Buildings