Transfer-pricing comparability permits fresh objections and filters where software service comparables are functionally unsuitable for arm's-length pr...
Territorial rendering requirement excludes China-based management and consultancy services from fees for technical services under the India-China DTAA...
FEMA borrowing restrictions bind charitable trusts, and civil penalties apply without proving intent for delayed repayment of non-resident rupee loans...
The AAAR held that the appellant is entitled to avail ITC on inputs and input services used for constructing the concrete tower supporting and erecting VCV lines at its factory for manufacturing EHV cables. The concrete structure was deemed an essential foundation and structural support for plant and machinery, falling within the scope of the second explanation to section 17 of the CGST Act, 2017. Consequently, such ITC does not fall under the restrictions of section 17(5)(c) and (d). The ruling analogized the eligibility of ITC on foundations and supports to the allowance of ITC on ducts and manholes used in OFCs, affirming that these inputs and services are integral to plant and machinery and thus eligible for ITC. The appellant's claim for ITC on construction of the concrete tower was allowed accordingly.
The AAAR held that the appellant is entitled to avail ITC on inputs and input services used for constructing the concrete tower supporting and erecting VCV lines at its factory for manufacturing EHV cables. The concrete structure was deemed an essential foundation and structural support for plant and machinery, falling within the scope of the second explanation to section 17 of the CGST Act, 2017. Consequently, such ITC does not fall under the restrictions of section 17(5)(c) and (d). The ruling analogized the eligibility of ITC on foundations and supports to the allowance of ITC on ducts and manholes used in OFCs, affirming that these inputs and services are integral to plant and machinery and thus eligible for ITC. The appellant's claim for ITC on construction of the concrete tower was allowed accordingly.
Note: It is a system-generated summary and is for quick reference only.