Following on the wake of the Safari Retreats decision, the Supreme Court’s judgement in Bharti Airtel and Ors. is nothing short of an orchestra performance. The landmark judgement has brought a transformative shift in parameters of credit eligibility, setting the stage for a new era of growth and opportunity.
The Supreme Court upturned the Bombay High Court’s decision, endorsed the Delhi High Court’s view and allowed the credit on telecom towers and pre-fabricated buildings, classifying them as ‘movable goods’. The structures were thus held to qualify as ‘capital goods’ and also ‘inputs’ on which credit is eligible.
The webinar by Lakshmikumaran & Sridharan Attorneys (LKS) will deliberate on:
- History of the dispute
- Tests considered to determine ‘immovable’ nature – Practical application to common capex procurements
- Impact on the concept of ‘works contract’ under GST
- Interplay of the findings in Safari Retreats vis-à-vis Bharti Airtel
- Wider implications of this judgment under other laws – GST, Stamp duty, Property Tax
- Insights into potential challenges and mitigation measures
Speaker: V Lakshmikumaran, Managing Partner