Input credit on telecommunication towers - Reg

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..... As 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 .....

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..... availed 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 .....

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..... Himansu 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 ar .....

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..... e not capital goods. This clarifies your question. Immovable items are not goods. Defn of goods only include movable items. - Input credit on telecommunication towers - Reg - Query Started By: - CM .....

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..... A VENKATESHAM MUTA Dated:- 11-6-2017 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmana .....

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..... gementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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