https://www.taxtmi.com/forum/issue?id=116711 Whether ITC is admissible on works contract services for construction of railway lines depends on Section 17(5)(d) denying credit for construction of immovable property (other than plant or machinery); the key issue is whether tracks and related installations qualify as plant and machinery or as capital goods such that ITC may be claimed when capitalised. Determination requires factual analysis of transfer of title, functionality within operations, capitalization and contract terms, and where doubt exists an advance ruling is advisable. en-us Tue, 15 Sep 2020 16:11:23 +0530 Thu, 23 Jan 2025 15:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116711 Whether ITC is admissible on works contract services for construction of railway lines depends on Section 17(5)(d) denying credit for construction of immovable property (other than plant or machinery); the key issue is whether tracks and related installations qualify as plant and machinery or as capital goods such that ITC may be claimed when capitalised. Determination requires factual analysis of transfer of title, functionality within operations, capitalization and contract terms, and where doubt exists an advance ruling is advisable. Discussion-Forum GST Tue, 15 Sep 2020 16:11:23 +0530 https://www.taxtmi.com/forum/issue?id=116711