L&T case law

The Larsen & Toubro (L&T) case law often refers to a significant legal judgement concerning the eligibility of a contractor's input tax credit under the Goods and Services Tax (GST) in India. In this case, the Supreme Court ruled that subcontractors can claim input tax credits for goods and services used in delivering their contracted work. This decision is crucial as it clarifies tax liability and encourages fair taxation practices in the construction industry, reinforcing the principle that tax benefits should extend to all parties involved in a supply chain, promoting transparency and efficiency in tax administration.