Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Page of 4794
Press 'Enter' after typing page number.
221 to 240 of 95875 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The AAR ruled that the fresh water storage tank and effluent guard pond constructed by the applicant qualify as "plant and machinery" under the CGST Act, as they are integral to the core manufacturing process and not merely civil structures or buildings. Despite being constructed through civil works, these assets function as essential production apparatus, supporting uninterrupted operations and environmental compliance. Consequently, the restrictions under Section 17(5)(c) and (d) excluding input tax credit (ITC) on immovable property do not apply. The applicant's capitalization of these structures as plant and machinery in their books further substantiates their classification. Therefore, the applicant is entitled to avail ITC on GST paid for goods and services used in constructing these structures, provided they are employed in the course of taxable business activities.
The AAR ruled that the fresh water storage tank and effluent guard pond constructed by the applicant qualify as "plant and machinery" under the CGST Act, as they are integral to the core manufacturing process and not merely civil structures or buildings. Despite being constructed through civil works, these assets function as essential production apparatus, supporting uninterrupted operations and environmental compliance. Consequently, the restrictions under Section 17(5)(c) and (d) excluding input tax credit (ITC) on immovable property do not apply. The applicant's capitalization of these structures as plant and machinery in their books further substantiates their classification. Therefore, the applicant is entitled to avail ITC on GST paid for goods and services used in constructing these structures, provided they are employed in the course of taxable business activities.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
