GST Council’s wish to introduce retrospective amendment on construction is a bad idea

Should credit/set-off be available for taxes incurred on the input side by a taxpayer for construction of a structure/immoveable property which is integrally connected to the said taxpayer’s output side taxable activity? This is a question that has reared its head again and again in the history of Indian indirect tax laws. This debate has been rekindled with the retrospective amendment recommended…