Supreme Court Clarifies GST Act: Works Contract Excluded from ITC; Defines “Plant or Machinery” for Business Use.

Case-Laws – GST – Highlights – The Supreme Court interpreted clauses (c) and (d) of sub-section (5) of Section 17 of the Central Goods and Services Tax Act, 2017. Regarding clause (c), the Court held that there is no scope to give any meaning other than

Supreme Court Clarifies GST Act: Works Contract Excluded from ITC; Defines “Plant or Machinery” for Business Use.
Case-Laws
GST
The Supreme Court interpreted clauses (c) and (d) of sub-section (5) of Section 17 of the Central Goods and Services Tax Act, 2017. Regarding clause (c), the Court held that there is no scope to give any meaning other than its plain and natural meaning, excluding works contract services from input tax credit (ITC). Regarding clause (d), the Court held that the

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