ITC on Greenhouse structure for ETP plant

[Yatin Bhopi]

We are manufacturer of Organic chemicals. We have recently installed greenhouse structure falling under HSN 9406 for our effluent treatment plant. expenses will be capitalised under Buildings.

Please let me know whether ITC will be available?

AI Summary

Eligibility of Input Tax Credit for Greenhouse Structures Under CGST Act 2017 Clarified by Experts A manufacturer of organic chemicals inquired about the eligibility for Input Tax Credit (ITC) on a greenhouse structure installed for an effluent treatment plant, capitalized under buildings. One expert clarified that ITC is available for capital goods used in business, as per the CGST Act, 2017. Another advised that the outward supply must be taxable and ITC should not be capitalized with the asset. A third expert noted that ITC is admissible for plant and machinery, excluding depreciation conditions, and cited a CESTAT Mumbai judgment supporting the classification of a greenhouse structure as a plant.