Applicability of GST – ITC Availment & Utilisation for Construction of Silos

Before we start we must understand the meaning of Silo – A silo is the on-site storage container that allows for the storage and distribution of different raw materials and finished products. There is a gross doubt across cement industry whether to avail & utilise GST– ITC paid for the construction of civil portion of silos. Since Land, building or any other civil structures is specifically included in the block credit list. Analysis of Present Scenario 1) Extract of the GST Act related to Input Tax Credit As per section 17(5) (c) & (d) of the CGST Act 2017 listed for Blocked ...