https://www.taxtmi.com/article/detailed?id=15911 The key issue is whether electricity and other township utilities supplied by an industrial unit are part of its taxable business activities and therefore eligible for Input Tax Credit, or whether they are non-business welfare supplies requiring ITC reversal under Rules 42 and 43. The controversy also turns on whether Explanation 1(d) to Rules 42 and 43 is clarificatory or a substantive, prospective amendment, and on the appropriate functional test for determining business nexus under GST. en-us Fri, 20 Feb 2026 08:24:43 +0530 Fri, 20 Feb 2026 08:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15911 The key issue is whether electricity and other township utilities supplied by an industrial unit are part of its taxable business activities and therefore eligible for Input Tax Credit, or whether they are non-business welfare supplies requiring ITC reversal under Rules 42 and 43. The controversy also turns on whether Explanation 1(d) to Rules 42 and 43 is clarificatory or a substantive, prospective amendment, and on the appropriate functional test for determining business nexus under GST. Articles Goods and Services Tax - GST Fri, 20 Feb 2026 08:24:43 +0530 https://www.taxtmi.com/article/detailed?id=15911