https://www.taxtmi.com/highlights?id=81982 The Supreme Court interpreted clauses (c) and (d) of sub-section (5) of Section 17 of the Central Goods and Services Tax Act, 2017. Regarding clause (c), the Court held that there is no scope to give any meaning other than its plain and natural meaning, excluding works contract services from input tax credit (ITC). Regarding clause (d), the Court held that the expression "plant or machinery" cannot be given the same meaning as "plant and machinery" defined in the explanation to Section 17. The expression "plant or machinery" in clause (d) should be given its ordinary meaning, and whether a building qualifies as a plant depends on the business of the registered person and the role of the building in that business. If the construction of a bu..... en-us Sat, 05 Oct 2024 09:02:27 +0530 Sat, 05 Oct 2024 09:02:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=81982 The Supreme Court interpreted clauses (c) and (d) of sub-section (5) of Section 17 of the Central Goods and Services Tax Act, 2017. Regarding clause (c), the Court held that there is no scope to give any meaning other than its plain and natural meaning, excluding works contract services from input tax credit (ITC). Regarding clause (d), the Court held that the expression "plant or machinery" cannot be given the same meaning as "plant and machinery" defined in the explanation to Section 17. The expression "plant or machinery" in clause (d) should be given its ordinary meaning, and whether a building qualifies as a plant depends on the business of the registered person and the role of the building in that business. If the construction of a bu..... Highlights GST Sat, 05 Oct 2024 09:02:27 +0530 https://www.taxtmi.com/highlights?id=81982