[BREAKING] Supreme Court rejects Constitutional Validity of Blocking of GST Input Tax Credit in Safari Retreats Case, allows Revenue Appeal [Read Order]
The apex court rejected the constitutional challenge posed by Safari Retreats, effectively overturning the earlier ruling by the Orissa High Court
By Manu Sharma - On October 3, 2024 11:40 am - 3 mins read
In a significant judgement, the Supreme Court today allowed the Revenue Department’s appeal in the Safari Retreats Pvt Ltd case, reaffirming the department’s stance on the contentious issue of blocking Goods and Services Tax ( GST ) Input Tax Credit ( ITC ) for construction of immovable property intended for leasing. However, in the specific…
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