Real Estate
Supreme Court Upholds GST Ruling in Safari Retreats Case
The Supreme Court of India has dismissed a review petition filed by the CGST, reaffirming the earlier judgment that impacts real estate and leasing businesses under GST.
Real Estate
Supreme Court Rejects GST Department's Review Petition in Safari Retreats Case
The Supreme Court has dismissed the GST Department's review petition, upholding the right of developers to claim input-tax credit on the construction cost of commercial properties. This decision unlocks an estimated ₹30,000 crore in blocked credit across real-estate, warehousing, and infrastructure sectors.
Real Estate
Supreme Court Upholds ITC Eligibility for Real Estate in Safari Retreats Case
The Supreme Court has dismissed the government’s review petition in the Safari Retreats case, affirming that input tax credit (ITC) can be claimed on construction costs for commercial properties used for leasing.