GST Council Nullifies SC Ruling on Safari Retreats, Shaking Up Real Estate ITC Claim

The GST Council's recent decision to retrospectively amend the GST law, restricting input tax credit (ITC) on construction services, has sent ripples across the real estate and infrastructure sectors. Announced during the Council's 55th meeting in Jaisalmer on December 21, 2024, the amendment aims t

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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