21 December 2019
Respected Sir\Medam, The Matter is - we cover a part of factory with Tin Shed of Iron, the area use for factory purpose, now my query is that whether I am eligible to get ITC on such material or whether its fall under building material, Please guide me.
23 December 2019
Shed to protect plant and machinery does not come under plant and machinery hence ITC is not available u/s 17(5). Maruti Ispat and Energy Ltd. [2018] 99 taxmann.com 103 AAR-AP.
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