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of <h1>Goa Finance Department Clarifies ITC Eligibility for OFC Network Components Under CGST Act Section 17(5.</h1> The Government of Goa's Department of Finance has clarified the availability of input tax credit (ITC) for ducts and manholes used in optical fiber cable (OFC) networks under Section 17(5) of the CGST Act, 2017. The clarification, aligned with a circular from the GST Policy Wing, addresses concerns from telecommunications operators regarding ITC denial on these components, previously considered immovable property. The circular confirms that ducts and manholes qualify as 'plant and machinery' under the Act, thus allowing ITC claims. This guidance aims to ensure consistent application of tax provisions and reduce litigation in the telecommunications sector.
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