Certification Course on GST Appellate Tribunal (GSTAT) Procedures
Certification Course on GSTR-9 & GSTR-9C with AI Tools
Data to be Organised Before GST Audit makes GST Audit Most Effective
Certification Course on ChatGPT and Smart AI Tools for Professionals
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Certification Course on GSTR-3B and GSTR-2B Reconciliation using AI Tools
Whether Construction of Weight Bridge within the factory prmises eligible for ITC ?
The construction of a weight bridge within factory premises can be eligible for Input Tax Credit (ITC), but certain conditions apply..
To qualify for ITC, the weight bridge should be used for business purposes, such as weighing goods or raw materials used in the manufacturing process.
Additionally, the weight bridge should be a permanent fixture, meaning it's fixed to the earth or a foundation, and not a movable asset.
The GST Act allows ITC on works contract services received for construction of foundation or structural support for apparatus, equipment, and machinery fixed to earth by such foundation or structural support.
w¹ However, this doesn't cover construction of general civil structures, like buildings or walls. In a specific case, the Tamil Nadu Authority for Advance Ruling (AAR) ruled that ITC is not eligible for construction of an integrated factory building, as it's considered a civil structure. However, this ruling might not directly apply to your case, as it depends on the specific circumstances and use of the weight .
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
India's largest network for finance professionals
Alternatively, you can log in using: