"Telecommunication towers,pipeline laid outside the factory premises, land and building or anyother civil structure"Are these items included in the blocked credits?
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Section 17(5) of cgst act
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the above items come under the purview of exclusions from definition of plant and machinery and hence the provisions for construction of immovable property in respect of blocked credits will apply in their case.
Please correct me if I am wrong
Please correct me if I am wrong
If you take input WC Service for construction of Plant & Machinery, you can avail ITC.
The assets above, are NOT considered as P&M, thus no ITC if you take WC Service for their construction
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