ITC - Plant and Machinery

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Full Text of the Document

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....n the nature of immovable property. Here an exception has been carved out in respect of plant and machinery which are immovable in nature and thus ITC will be allowed for goods and services which are used for construction of such plant and machinery. 24.2 The term "plant and machinery" has been defined by way of an explanation under section 17(6) of the CGST Act, as below- "For the purposes of ....