ITC can be Availed on Capital Goods used in Transmission of Electricity from Power Station To Factory Premises: AAR [Read Order]

It was held that the applicant is eligible to take ITC on the capital goods used for transmission of electricity from the power station of the DISCOM to the factory premises of the applicant.
By Yogitha S. Yogesh - On July 25, 2024 3:07 pm - 2 mins read
Input Tax Credit (ITC) - Capital Goods ITC ITC - on Electrical Equipment - ITC on Transmission of Electricity - taxscan

In a recent ruling, the Gujarat Authority of Advance Ruling (AAR) has ruled that the Input Tax Credit (ITC) can be availed on capital goods in the form of wires/cables electrical equipment etc,630 mm square aluminium corrugated sheath/G cable line for installation of 66 KV feeder bay at the substation of GETCO) used for transmission…

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