Input credit on telecommunication towers - Reg, Goods and Services Tax - GST

[CMA VENKATESHAM MUTA]

As per my understanding, ITC is eligible for telecommunications tower subject to some condition :
1) upto 1/3rd of total ITC in the FY in which goods recd
2) upto 2/3rd of total ITC, including credit availed in the first FY, in the succeeding FY
3) balance in, any subsequent FY.

The above is as per model GST law.
What is the latest position, I am not able to understand, kindly guide.

Posts / Replies

[Himansu Sha]

Telecommunication towers are not plant and machinery as per explanation to sub sect. 6 of sec. 17 of cgst act. Capital goods include plant and machinery. Hence these are not capital goods. This clarifies your question. Immovable items are not goods. Defn of goods only include movable items.