The Union Budget 2025 proposes a retrospective amendment to Section 17(5)(d) of the CGST Act, disallowing ITC on commercial property construction. This change impacts the real estate, warehousing, and leasing sectors, overriding the Supreme Court’s Safari Retreats ruling.

Discover key highlights of the 2025-26 Union Budget, focusing on growth, reforms, taxation, and economic impact. Stay updated on major policy changes and benefits.

Supreme Court stays GST show cause notices for online gaming companies, providing relief amid legal and tax challenges.

GST notice to a paani puri vendor raises awareness about tax laws, compliance rules, and turnover limits for small and unregistered businesses in India.

Safari Retreats Pvt. Ltd. vs. Chief Commissioner of Central Goods & Service Tax (2019) was indeed the landmark judgement related to Input Tax Credit on immovable property under the GST regime. This one case brings out high-level discussions about the interpretation and scope of ITC provisions in relation to real estate and immovable property.

High Court quashes the circular deeming Rule 89(5) amendment as prospective, allowing refund claims within 2 years.

Discover how the latest Rule 96(10) amendment simplifies GST refund claims for exporters, improving working capital management and boosting export efficiency.

With an aim to improve accuracy and minimize human errors in the GST return filing process, the Goods and Services Tax Network (GSTN) has implemented significant updates regarding the auto-population of values in the GSTR-3B form.

The Indian government announced a new GST amnesty scheme to come into force on November 1, 2024. That one will again bring relief to taxpayers by allowing the waiver of interest and penalty on outstanding GST dues of eligible taxpayers.

The recent ruling made by the Supreme Court on October 3, 2024, sets a new precedent with respect to the Input Tax Credit (ITC) claims as provided for in the Central Goods and Services Tax Act, particularly in Section 17(5)(d).

In M/S Anil Rice Mill vs State of U.P., the Allahabad HC ruled ITC claims invalid without proof of genuine transactions and physical movement of goods.

Legal Insights into the Case of M/s. Shobika Impex Pvt. Ltd. vs. Commissioner of GST & Central Excise