Circular clarifies no denial of tax credit for ducts & manholes in OFC networks as “plant & machinery.”
Circulars
GST
The circular addresses denial of input tax credit (ITC) on ducts and manholes used in optical fiber cable (OFC) networks u/s 17(5) of the CGST Act. It clarifies that ITC is not restricted for such items as they are considered part of “plant and machinery” essential for telecommunication services. Ducts and manholes are integral for laying OFC networks and fall within the
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