As per GST Law:- "ITC is available on inputs used to manufacture plant and machinery for own use."
Query:-
An Individual is constructing a factory for Industrial Production - can he avail ITC on inputs - like Cement, etc ?
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Construction of factory - gst on inputs
Replies (3)
No Input tax credit
Thanks. But please see below example given at "clear tax website",
- Ajay Steel Industries constructs an office building for its headquarters. ITC will not be available.
- Ajay Steel Industries also constructs a blast furnace to manufacture steel. ITC is available since it is a plant.
So, how to differentiate between "Plant" & "Factory"
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