Supreme Court rejects Constitutional Validity of Blocking of GST Input Tax Credit in Safari Retreats Case, allows Revenue Appeal

The Supreme Court rejected the constitutional validity of blocking GST Input Tax Credit (ITC) in the Safari Retreats case. The court ruled in favor of the revenue, allowing the appeal, and upholding the disallowance of ITC on immovable property construction under specific circumstances. This ruling clarifies a key aspect of GST law, affirming the government's stance on limiting ITC claims for construction activities, thereby impacting real estate developers and businesses involved in similar projects.