https://www.taxtmi.com/article/detailed?id=12961 Wires and cables installed to receive electricity are capital goods used as input and are not blocked credit as they are removable and not fixed to earth; the applicant may avail ITC initially even if ownership later transfers to the electricity distributor, subject to statutory ITC reversal and adjustment rules requiring payment or computation based on residual ITC or transaction value and pro rata useful-life calculations. en-us Thu, 26 Sep 2024 19:54:46 +0530 Thu, 26 Sep 2024 19:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12961 Wires and cables installed to receive electricity are capital goods used as input and are not blocked credit as they are removable and not fixed to earth; the applicant may avail ITC initially even if ownership later transfers to the electricity distributor, subject to statutory ITC reversal and adjustment rules requiring payment or computation based on residual ITC or transaction value and pro rata useful-life calculations. Articles Goods and Services Tax - GST Thu, 26 Sep 2024 19:54:46 +0530 https://www.taxtmi.com/article/detailed?id=12961