https://www.taxtmi.com/article/detailed?id=14078 The Supreme Court held that the terms "plant or machinery" and "plant and machinery" are distinct; a building can qualify as a plant if, on facts, it satisfies a functionality test showing the construction is integral to supplying taxable services, and in such cases input tax credit on goods and services used in construction may be allowed, while constitutional validity of the statutory exclusions was upheld and factual remand was directed to determine whether the shopping mall met that test. en-us Thu, 10 Apr 2025 08:37:25 +0530 Thu, 10 Apr 2025 08:37:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14078 The Supreme Court held that the terms "plant or machinery" and "plant and machinery" are distinct; a building can qualify as a plant if, on facts, it satisfies a functionality test showing the construction is integral to supplying taxable services, and in such cases input tax credit on goods and services used in construction may be allowed, while constitutional validity of the statutory exclusions was upheld and factual remand was directed to determine whether the shopping mall met that test. Articles Goods and Services Tax - GST Thu, 10 Apr 2025 08:37:25 +0530 https://www.taxtmi.com/article/detailed?id=14078