GST: AAR allows ITC on VCV Tower Construction used for manufacturing activities - Studycafe

GST: AAR allows ITC on VCV Tower Construction used for manufacturing activities The Gujarat Authority for Advance Ruling (GAAR) on 8 May ruled in favour of M/s. Polycab India Limited and held that Input Tax Credit (ITC) is admissible on the construction of specialized Vertical Continuous Vulcanization (VCV) Towers used in the manufacturing of high-voltage cables. The Authority observed that the st…