Скачать с ютуб Supreme Court's landmark verdict on GST ITC for construction of building в хорошем качестве

Supreme Court's landmark verdict on GST ITC for construction of building

In the Safari Retreats Pvt. Ltd. case, the Supreme Court of India delivered a significant ruling on October 3, 2024, allowing the claim of GST Input Tax Credit (ITC) on construction costs for properties intended for rental purposes. Safari Retreats had constructed a shopping mall in Bhubaneswar, seeking ITC on the GST paid for materials like cement and steel used during construction. However, the tax authorities denied the ITC based on Section 17(5)(d) of the CGST Act, which typically disallows such claims for immovable property. The Supreme Court ruled that if the construction of the building is essential for providing services like renting or leasing, it could fall under the "plant" exception within the CGST Act, thus allowing ITC. The decision is expected to reduce the financial burden on developers and leasing companies by preventing double taxation and ensuring they can recover taxes paid on inputs. This ruling will likely benefit various sectors like real estate, hospitality, and co-working spaces by allowing businesses to claim ITC for buildings constructed for leasing or rental services, provided they meet the specific criteria outlined by the court. The decision provides much-needed clarity on the interpretation of Section 17(5)(d), and it is expected to influence future rulings and business compliance strategies 👨🏻‍🎓FinTaxPro Practical Courses- 📖GST, ITR & TDS (Tax Combo) - https://fintaxpro.in/Combo 📖Tally, Busy & Account Finalization - https://fintaxpro.in/Accounting 📖ROC e Filing - https://fintaxpro.in/courses/roc/ 📖Trademark e Filing Course - https://fintaxpro.in/TM 📖Taxation for Share Market - https://fintaxpro.in/share 📖All in one Combo Course - https://fintaxpro.in/All 📞For Course queries call us at 7827521794 📞For GST Filing, ITR Filing, Trademark Filing, Trademark Reply, Company Incorporation, ROC Compliance, and other related services call us at 7048930220 or 9718097735 👉Email - [email protected] 👉Website - https://fintaxpro.in 👉Mobile App - https://bit.ly/3WJ63tX 👉Telegram channel - https://t.me/fintaxpro 👉Social Media - https://linktr.ee/fintaxpro 🔗Buy DSC - https://fintaxpro.in/dsc/ 🔗 Buy Excel GST computation sheet https://imojo.in/jy67ZG 🔗Buy TDS Calculator https://imojo.in/5Jv0gj 🔗Buy amazon profit calculator https://imojo.in/1FkCqbs 🔗Monthly Tax Newsletter - https://fintaxpro.in/newsletter/ ⚠ Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of YouTube videos. © Copyright Disclosure - As per Sec 52 of The Copyright Act,1957 Fintaxpro Advisory LLP shared this video with a clear objective to educate the public at large and thus constitute the fair dealing with content for the purpose of reporting of current events and current affairs, including the reporting of a lecture delivered in public. ⚠Data Disclosure Policy – FinTaxPro ensures that any client information, such as GSTIN, PAN, and Turnover, displayed in educational videos is shared only with the owner's consent and used strictly for educational purposes. All necessary permissions are obtained before publishing, and robust data protection measures are in place to safeguard the information. ©️Fintaxpro Advisory LLP Video Timestamp 0:00 Intro to Topic 0:13 Case Law Safari Retreat Case 0:35 Intro to Case Law 1:09 Analysis of Sec 17(5)(d) Block credit 1:34 Supreme Court Ruling 2:15 implication of ruling 2:40 Case by case classification 2:52 Conclusion 4:10 Outro