Input Tax Credit on MIDC Fees

Can we claim ITC for making payment to MIDC for drainage Charges,Water Charges , Environment Charges,Fire Charges which is levied by the MIDC to Company?

Here MIDC stand for Maharashtra Industrial Development Corporation..

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Quick Summary
This discussion explores whether companies, particularly those in the Pharma Chemical sector, can claim Input Tax Credit (ITC) on various charges levied by the Maharashtra Industrial Development Corporation (MIDC). Specifically, it questions the eligibility of ITC for payments related to drainage, water, environment, and fire charges.

What is a nature of business ?

Pharma Chemical

 

 

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