18 November 2021
Dear Sir, One of our factory building has roofed with asbestos sheets. Now we have decided to install 1MW solar plant on that building and to utilize the power generated to our Yarn production. Hence, we have to replace the asbestos sheets with Metal Galvanized Sheet to hold the solar PV panels on it. Can we claim ITC on the metal sheets that we intended to procure?
Does the Section 17(5) restrict the claim of ITC for metal sheets which would have facilitate our Solar Plant installation?
CAclubindia
