Disallowed ITC on inputs used for pipelines laid outside factory premises being not covered within ‘plant and machinery’

Disallowed ITC on inputs used for pipelines laid outside factory premises being not covered within ‘plant and machinery’ https://www.taxtmi.com/article/detailed?id=10963 Pipelines laid outside factory premises are excluded from the definition of plant and machinery under the Explanation to Section 17(5), and therefore input tax credit is not available for goods and services used in construction of a connector pipeline located outside the applicant's premises, as such expenditures fall within the statutory block on credit for construction of immovable property. en-us Tue, 10 Jan 2023 09:27:00 +0530 Tue, 10 Jan 2023 09:27:00 +0530 TaxTMI RSS Generator Disallowed ITC on inputs used for pipelines laid outside factory premises being not covered within ‘plant and machinery’ https://www.taxtmi.com/article/detailed?id=10963 Pipelines laid outside factory premises are excluded from the definition of plant and machinery under the Explanation to Section 17(5), and therefore input tax credit is not available for goods and services used in construction of a connector pipeline located outside the applicant's premises, as such expenditures fall within the statutory block on credit for construction of immovable property. Articles Goods and Services Tax - GST Tue, 10 Jan 2023 09:27:00 +0530 https://www.taxtmi.com/article/detailed?id=10963