https://www.taxtmi.com/article/detailed?id=13002 The article criticises the Apex Court ruling for failing to reconcile the link between the levy and entitlement to Input Tax Credit where supplies relate to immovable property, disputing the Court's distinction between construction (tied to an occupation certificate) and renting/leasing services; it also challenges the Court's approach to plant and machinery by urging a functionality nexus test before treating buildings as plant, calls for clearer criteria for the "own account" or "setting" test for construction, and warns that these interpretive gaps in Section 17 and ITC doctrine leave significant GST uncertainty. en-us Tue, 08 Oct 2024 18:51:25 +0530 Tue, 08 Oct 2024 18:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13002 The article criticises the Apex Court ruling for failing to reconcile the link between the levy and entitlement to Input Tax Credit where supplies relate to immovable property, disputing the Court's distinction between construction (tied to an occupation certificate) and renting/leasing services; it also challenges the Court's approach to plant and machinery by urging a functionality nexus test before treating buildings as plant, calls for clearer criteria for the "own account" or "setting" test for construction, and warns that these interpretive gaps in Section 17 and ITC doctrine leave significant GST uncertainty. Articles Goods and Services Tax - GST Tue, 08 Oct 2024 18:51:25 +0530 https://www.taxtmi.com/article/detailed?id=13002