https://www.taxtmi.com/manuals?id=6696 If a registered person has claimed depreciation under the Income Tax Act on the tax component included in the cost of capital goods or plant and machinery, the corresponding input tax credit attributable to that tax component is not allowable under the CGST framework, thereby preventing double benefit when depreciation has been claimed on the tax element. en-us Fri, 03 Jan 2025 12:08:00 +0530 Fri, 03 Jan 2025 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=6696 If a registered person has claimed depreciation under the Income Tax Act on the tax component included in the cost of capital goods or plant and machinery, the corresponding input tax credit attributable to that tax component is not allowable under the CGST framework, thereby preventing double benefit when depreciation has been claimed on the tax element. Manuals GST Fri, 03 Jan 2025 12:08:00 +0530 https://www.taxtmi.com/manuals?id=6696