AAR : No ITC reversal required on 'electricity generated and consumed captively' for 'cement manufacture'

Karnataka AAR rules on eligibility of ITC w.r.t. inputs/input services and capital goods received towards erection, installation and commissioning of the solar power plant; Notes that, applicant generates electric energy from the captive power plant which is transmitted to the cement manufacturing plants physically located at distinct locations within the State of Karnataka, thus applicant is engaged in manufacture of cement (taxable supply) and production of electric en...