https://www.taxtmi.com/article/detailed?id=13488 The Finance Bill 2025 substitutes "plant or machinery" with "plant and machinery" in clause (d) of section 17(5) and inserts a deeming Explanation treating any reference to "plant or machinery" as "plant and machinery", with retrospective effect. The amendment addresses the plant/machinery exception to denial of input tax credit, while the denial under clause (d) continues to apply only when construction is made "on his own account"-constructions for personal or business use-whereas constructions intended for sale, lease or licence remain outside that exclusion. en-us Thu, 06 Feb 2025 10:20:13 +0530 Wed, 16 Jul 2025 16:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13488 The Finance Bill 2025 substitutes "plant or machinery" with "plant and machinery" in clause (d) of section 17(5) and inserts a deeming Explanation treating any reference to "plant or machinery" as "plant and machinery", with retrospective effect. The amendment addresses the plant/machinery exception to denial of input tax credit, while the denial under clause (d) continues to apply only when construction is made "on his own account"-constructions for personal or business use-whereas constructions intended for sale, lease or licence remain outside that exclusion. Articles Goods and Services Tax - GST Thu, 06 Feb 2025 10:20:13 +0530 https://www.taxtmi.com/article/detailed?id=13488