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ITC on Sheds
Shade made for parking...Is ITC available?
Replies (2)
If it's book under repair & maintenance then ITC can be avail, but if it's capitalised then no ITC is available
A shed consists of two parts. one, it provides structural support to the overhead cranes used for production purposes and for movement of raw materials and improved and finished goods, and second it provides a cover for the remaining plant and machinery. hence as per the rulebook. gst credit should be allowed for the former if not for the later use.
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