CGST Act Amendments to Take Effect October 1st, Impacting ITC

Imagine a tax on certain goods and services.

There's a rule saying you can't get back the tax you paid on building things like malls.

However, the Supreme Court said malls *could* get a tax break.

Now, the government is changing the rules to say, 'Nope, no tax breaks for mall construction!'

starting retroactively.

This means businesses might have to pay back some taxes, and it could lead to more arguments in court.