https://www.taxtmi.com/forum/issue?id=120077 If a cold storage provider's supply is an exempt supply (e.g., warehousing of agricultural produce), ITC on plant and machinery used exclusively for that exempt supply is not available; Rule 43's apportionment/reversal for capital goods does not apply because there is no mixed taxable use. By contrast, if the activity is characterized as renting of immovable property (taxable), the ITC analysis differs, so service classification and the nature of goods stored are determinative. en-us Sun, 01 Jun 2025 18:24:24 +0530 Tue, 03 Jun 2025 08:15:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120077 If a cold storage provider's supply is an exempt supply (e.g., warehousing of agricultural produce), ITC on plant and machinery used exclusively for that exempt supply is not available; Rule 43's apportionment/reversal for capital goods does not apply because there is no mixed taxable use. By contrast, if the activity is characterized as renting of immovable property (taxable), the ITC analysis differs, so service classification and the nature of goods stored are determinative. Discussion-Forum GST Sun, 01 Jun 2025 18:24:24 +0530 https://www.taxtmi.com/forum/issue?id=120077