https://www.taxtmi.com/highlights?id=78883 The circular addresses denial of input tax credit (ITC) on ducts and manholes used in optical fiber cable (OFC) networks u/s 17(5) of the CGST Act. It clarifies that ITC is not restricted for such items as they are considered part of "plant and machinery" essential for telecommunication services. Ducts and manholes are integral for laying OFC networks and fall within the definition of "plant and machinery" as per the Act. The circular aims to prevent unnecessary disputes in the telecommunication sector and encourages uniformity in tax implementation. It directs issuance of trade notices to disseminate the clarification and invites feedback for smooth implementation. en-us Thu, 27 Jun 2024 18:25:48 +0530 Thu, 27 Jun 2024 18:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=78883 The circular addresses denial of input tax credit (ITC) on ducts and manholes used in optical fiber cable (OFC) networks u/s 17(5) of the CGST Act. It clarifies that ITC is not restricted for such items as they are considered part of "plant and machinery" essential for telecommunication services. Ducts and manholes are integral for laying OFC networks and fall within the definition of "plant and machinery" as per the Act. The circular aims to prevent unnecessary disputes in the telecommunication sector and encourages uniformity in tax implementation. It directs issuance of trade notices to disseminate the clarification and invites feedback for smooth implementation. Highlights GST Thu, 27 Jun 2024 18:25:48 +0530 https://www.taxtmi.com/highlights?id=78883