Tuesday, December 18, 2018

Machinery embedded in earth to provide 'wobble free operation' won't qualify as immovable property

GST/Excise/ST/VAT: Where machinery or equipment is permanently fastened or embedded to earth, it qualifies as immovable property, however, if machine is fastened merely to provide a 'wobble free operation', it would not qualify as immovable property for purpose of grant of cenvat credit

from www.taxmann.com Latest Case Laws https://ift.tt/2A1LWiw
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