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.

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