GST relief on preferred locations may not apply to past cases.

The GST Council’s clarification on the taxing process of Preferential Location Charges (PLC) may have brought relief to homebuyers, but questions of its retrospective applicability still remains, as past cases involving Rs 7,000-8000 crore are stuck under litigation in courts, say industry sources. On Monday, the Council issued a clarification on the tax treatment of PLCs. It said that the P…