SC judgment nullified; GST Council fixes Safari Retreats' error retrospectively
The New Indian Express Hubballi|December 23, 2024
THE government has 'nullified' the Supreme Court order in the Safari Retreats case that allowed commercial real estate companies to claim input tax credit (ITC) on construction costs for their rental buildings.
DIPAK MONDAL @ New Delhi

The GST Council in its 55th meeting in Jaisalmer has proposed to retrospectively amend the GST law to restrict input tax credit on construction services. The amendment necessarily overturns the judgment of the Supreme Court.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE NEW INDIAN EXPRESS HUBBALLIView all
The New Indian Express Hubballi

A SLIPPERY SLOPE & SILENT EPIDEMIC

NOOP, a bright young man from Kottayam, had high hopes when he landed a job at a reputed IT company in Bengaluru through campus placement. Hailing from a middle-class family, his success was seen as a beacon of promise for his future. But within two years of joining the firm, Anoop found himself staring at a disheartening email from HR—his dismissal owing to poor performance.

time-read
4 mins  |
December 24, 2024
The New Indian Express Hubballi

Beau is not afraid of Test challenges

IMAGINE being Beau Webster. You had just helped Tasmania beat New South Wales at the Sydney Cricket Ground in the Sheffield Shield game around late November. A 61 and 49 with the bat while taking five wickets across two innings. You get called up as cover for Mitchell Marsh ahead of the pink ball Test against India.

time-read
3 mins  |
December 24, 2024
The New Indian Express Hubballi

GREEN CORNER IN BOXING DAY BOUT

MCG curator says grass on the surface should excite pacers

time-read
4 mins  |
December 24, 2024
The New Indian Express Hubballi

Scrap dealer's son Sairaj claims gold

SAIRAJ Pardeshi was pretty clear what he had to become when he was only eight.

time-read
2 mins  |
December 24, 2024
The New Indian Express Hubballi

Naveen & Lokesh one hit away from national glory

IT was a mixed outing for shuttlers from Tamil Nadu in the ongoing Senior National Badminton Championships in Bengaluru on Monday.

time-read
1 min  |
December 24, 2024
The New Indian Express Hubballi

Hyderabad FC squander 2-goal lead to suffer loss

HYDERABAD FC have endured a difficult run in the ongoing Indian Super League so far. And things turned from bad to worse on Monday.

time-read
1 min  |
December 24, 2024
The New Indian Express Hubballi

Adani Defence acquires 85.8% in Air Works

ADANI DEFENCE Systems & Technologies Ltd. (ADSTL) in acquiring 85.8% shareholding in Air Works (AWIEPL), India's largest private sector MRO company with the largest pan-India footprint, said the Adani Group company on Monday. ADSTL will acquire the stake at an enterprise value of ₹400 crore.

time-read
1 min  |
December 24, 2024
The New Indian Express Hubballi

Razorpay grants employees ₹1L ESOPs to mark 10-yr of operation

FINTECH major Razorpay is awarding employee stock option plans (ESOPs) worth ₹1 lakh to all its current employees as part of its 10 years celebration.

time-read
1 min  |
December 24, 2024
The New Indian Express Hubballi

Honda-Nissan to be 3rd-largest carmaker

JAPANESE auto giants Honda and Nissan have announced plans to merge operations, creating the world's third-largest automaker by sales, trailing only Toyota and Volkswagen.

time-read
1 min  |
December 24, 2024
The New Indian Express Hubballi

Women represent 20% of crypto exchange CoinDCX's high networth customers

WITH the increasing adoption of cryptocurrency, women are now representing 20% of crypto exchange CoinDCX's HNI (high net-worth individual) customers.

time-read
1 min  |
December 24, 2024