https://www.taxtmi.com/forum/issue?id=114670 Whether input tax credit can be claimed for supply and installation of electric cables when the State retains ownership: key operative points are tax invoice in the registered person's name, receipt of the services, and use of inputs in taxable business. Credit proponents say ownership retention by the State does not bar ITC if documentary and use conditions are met, subject to blocked credit restrictions. Opposing analysis notes valuation and supply characterisation issues-if the State's onward supply is exempt or the activity treated as ancillary to an exempt principal supply, ITC may be precluded despite invoices in the company's name. en-us Sat, 23 Feb 2019 15:38:41 +0530 Thu, 23 Jan 2025 15:55:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114670 Whether input tax credit can be claimed for supply and installation of electric cables when the State retains ownership: key operative points are tax invoice in the registered person's name, receipt of the services, and use of inputs in taxable business. Credit proponents say ownership retention by the State does not bar ITC if documentary and use conditions are met, subject to blocked credit restrictions. Opposing analysis notes valuation and supply characterisation issues-if the State's onward supply is exempt or the activity treated as ancillary to an exempt principal supply, ITC may be precluded despite invoices in the company's name. Discussion-Forum GST Sat, 23 Feb 2019 15:38:41 +0530 https://www.taxtmi.com/forum/issue?id=114670