SC-2025

GST SC-2025 Supreme Court

SC 2023: GST ITC on Leasing Real Estate โ€“ Safari Retreats

Safari Retreats Pvt. Ltd. v. Chief Commissioner of CGST (2023) Issue: Input Tax Credit (ITC) on construction of immovable property used for leasing Introduction The Goods and Services Tax (GST) system in India was created to simplify indirect taxes and to ensure a smooth flow of Input Tax Credit (ITC). However, some provisions of the

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GST SC-2025 Supreme Court

โ€œSC 2023 Shocking Ruling: GST ITC Mismatch Explained

Suncraft Energy Pvt. Ltd. vs Assistant Commissioner, State Tax (2023) 1. Background of the Case This case is about the Input Tax Credit (ITC) system under the Goods and Services Tax (GST) law. ITC is the right of a registered taxpayer to claim credit for the GST already paid on purchases, which can be used

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GST ITAT SC-2025 Supreme Court

SC 2023: Corporate Guarantee Without Consideration Not Taxable

1. Background of the Case The case concerns corporate guarantees and whether issuing them amounts to a โ€œtaxable serviceโ€ under the indirect tax regime before GST (i.e., under the Finance Act, 1994). The Revenue (tax department) believed that when a company issues such guarantees, it is offering a service, similar to how a bank charges

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