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of <h1>Finance Bill 2025 proposes retroactive amendment to CGST Act, section 17(5)(d), redefining 'plant and machinery' from July 2017.</h1> In the Finance Bill, 2025, an amendment to section 17 of the Central Goods and Services Tax Act is proposed. This amendment involves changes to sub-section (5), clause (d), where the phrase 'plant or machinery' is replaced with 'plant and machinery,' effective retroactively from July 1, 2017. Additionally, a new Explanation 2 is added, clarifying that any reference to 'plant or machinery' should be interpreted as 'plant and machinery,' overriding any contrary judicial or authoritative interpretations.
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