Articles 10th Dec 2024
Our Partner Mohammad Asif Mansoory & Associate Manali Shenoy have co-authored an article “Supreme Court ruling on CENVAT credit: Implications & unanswered questions in GST ecosystem” published by ETGovernment analyzing the Supreme Court’s landmark ruling in the Bharti Airtel case on CENVAT credit eligibility for telecom towers and prefabricated buildings.
The article explores how the judgment redefines tax credit eligibility under the erstwhile CENVAT regime, contrasting treatment under GST and its implications for capital-intensive industries and the urgent need for clarity in tax laws to align judicial principles with legislative frameworks
This ruling has far-reaching implications for the telecom sector and highlights the critical role of consistent tax policies in driving economic growth.
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