https://www.taxtmi.com/forum/issue?id=116668 GST paid on materials for machinery held as Construction Work in Progress and capitalised in the taxpayer's books of account constitutes capitalisation of capital goods, permitting claim of Input Tax Credit without waiting for project completion; the statutory definition's phrase "intended to be used" and corresponding provisions of the CGST Act and Rules support this position, and the Balance Sheet/books of account serve as the evidentiary record. en-us Thu, 27 Aug 2020 17:20:43 +0530 Thu, 23 Jan 2025 15:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116668 GST paid on materials for machinery held as Construction Work in Progress and capitalised in the taxpayer's books of account constitutes capitalisation of capital goods, permitting claim of Input Tax Credit without waiting for project completion; the statutory definition's phrase "intended to be used" and corresponding provisions of the CGST Act and Rules support this position, and the Balance Sheet/books of account serve as the evidentiary record. Discussion-Forum GST Thu, 27 Aug 2020 17:20:43 +0530 https://www.taxtmi.com/forum/issue?id=116668