The "Functionality" Revolution
ANUVRAT SINGH ANUVRAT SINGH

The "Functionality" Revolution

If you build a mall, a warehouse, or a hotel to earn rental income, the Government used to tell you that the GST paid on construction was a "dead cost." This judgment flips the script: it introduces a "Functionality Test" that could save businesses millions by allowing them to offset construction taxes against rental income—preventing the dreaded "tax on tax."

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