TaxTMI 
TaxTMI 
Input credit on telecommunication towers - Reg
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....nput credit on telecommunication towers - Reg<br> Query (Issue) Started By: - CMA VENKATESHAM MUTA Dated:- 11-6-2017 Last Reply Date:- 11-6-2017 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>A....
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....s per my understanding, ITC is eligible for telecommunications tower subject to some condition : 1) upto 1/3rd of total ITC in the FY in which goods recd 2) upto 2/3rd of total ITC, including credit a....
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....vailed in the first FY, in the succeeding FY 3) balance in, any subsequent FY. The above is as per model GST law. What is the latest position, I am not able to understand, kindly guide. Reply By Hi....
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....mansu Sha: The Reply: Telecommunication towers are not plant and machinery as per explanation to sub sect. 6 of sec. 17 of cgst act. Capital goods include plant and machinery. Hence these are not cap....
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....ital goods. This clarifies your question. Immovable items are not goods. Defn of goods only include movable items.<br> Discussion Forum - Knowledge Sharing ....