https://www.taxtmi.com/forum/issue?id=116631 Rule 43 applies only where the conditions of Section 17 (use for non-business purposes or exempt supply) are met; absent those conditions, ITC on capital goods used in making taxable final goods consumed captively need not be reversed. Administrative guidance treats inputs used indirectly through captive processes as eligible for ITC when the final product is taxable. Civil structures like internal roads and boundary walls fall outside "plant and machinery" and credit for such immovable property is not admissible and should be capitalised unless they solely support plant and machinery. en-us Tue, 18 Aug 2020 16:54:20 +0530 Thu, 23 Jan 2025 15:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116631 Rule 43 applies only where the conditions of Section 17 (use for non-business purposes or exempt supply) are met; absent those conditions, ITC on capital goods used in making taxable final goods consumed captively need not be reversed. Administrative guidance treats inputs used indirectly through captive processes as eligible for ITC when the final product is taxable. Civil structures like internal roads and boundary walls fall outside "plant and machinery" and credit for such immovable property is not admissible and should be capitalised unless they solely support plant and machinery. Discussion-Forum GST Tue, 18 Aug 2020 16:54:20 +0530 https://www.taxtmi.com/forum/issue?id=116631