ITC Applicable for Machinery Foundation and Structural Supports, as included in Definition of Plant and Machinery: AAR [Read Order]

ITC - Machinery - AAR - Plant and Machinery - Definition of Plant and Machinery - Taxscan

The Gujarat Authority for Advance Ruling (AAR), recently ruled that input tax credit (ITC) is applicable for machinery foundation and structural supports, as included in definition of plant and machinery. The applicant, Colourband Dyestuff Pvt Ltd, is engaged in the activity of manufacturing of dyes. The applicant procures intermediate as raw material in crude form…

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