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The recent decision to retrospectively amend the Input Tax Credit (ITC) on construction services has raised concerns within the industry. Despite a favorable Supreme Court ruling, the proposed retrospective changes by the GST Council could lead to further litigation, potentially undermining investor confidence. Industry experts highlight that such actions send a negative message, especially when clarity is needed. Additionally, issues like the taxation of health insurance for senior citizens, food delivery platforms, and luxury items remain unresolved. Experts suggest a more scientific approach to taxing luxury goods, with consideration for their potential for import, to ensure a fair and efficient tax system. #gsttax #gstcouncilmeeting #retrospectivetax #itc For more videos subscribe to our channel: / @ndtvprofitindia Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-r... Follow NDTV Profit here Twitter: / ndtvprofitindia , / ndtvprofit LinkedIn: / ndtv. . Telegram: http://t.me/ndtvprofitnews