Dear experts,
please clarify whether input credit available on payment of borewell undertaken in factory to get internal water for manufacturering GST output.
2 Replies
satish balasaheb jadhav
(student)
(237 Points)
Replied 28 March 2018
yes you can take credit your intension is to create taxable out
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 28 March 2018
Such borewell shall form part of Plant and Machinery and hence ITC shall be available
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