The Court held that ITC earlier denied as time-barred cannot stand after the retrospective relaxation under Section 16(5), reinforcing substantive credit rights.
Budget 2026 introduces a long-term tax holiday and safe harbour to attract global cloud players to India. The key takeaway is that India is being positioned as a preferred global cloud delivery hub.
The issue was whether leasing a residential property to a company defeats GST exemption. The key takeaway is that exemption depends on residential use, not who the lessee is.
Learn about Input Service Distributor (ISD), its registration, credit distribution process, and compliance requirements under GST effective from April 1, 2025.