https://www.taxtmi.com/article/detailed?id=13063 The Supreme Court addressed whether GST paid on construction inputs for a shopping mall can be claimed as input tax credit despite the exclusion in Section 17(5)(d). It held that the expressions "plant or machinery" and "plant and machinery" must be read distinctly, endorsed a fact-specific functionality test to decide when a building may qualify as a plant integral to taxable leasing services, upheld the validity of the challenged clauses, and remitted the issue for factual determination on whether the mall qualifies as a plant. en-us Mon, 28 Oct 2024 10:15:53 +0530 Mon, 28 Oct 2024 10:15:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13063 The Supreme Court addressed whether GST paid on construction inputs for a shopping mall can be claimed as input tax credit despite the exclusion in Section 17(5)(d). It held that the expressions "plant or machinery" and "plant and machinery" must be read distinctly, endorsed a fact-specific functionality test to decide when a building may qualify as a plant integral to taxable leasing services, upheld the validity of the challenged clauses, and remitted the issue for factual determination on whether the mall qualifies as a plant. Articles Goods and Services Tax - GST Mon, 28 Oct 2024 10:15:53 +0530 https://www.taxtmi.com/article/detailed?id=13063