Input tax credit
This query is : Resolved
Pratik Purohit
(Querist)
16 August 2019
Resp. Sir,
I am a manufacturer of medicine and install solar panel somewhere ales far, i.e. Out side my factory, to generate electricity, whether I am eligible to Input tax of GST paid on purchase and installation charges paid for solar penal?
I am getting adjustment of ele. unit generated from my solar penal against my consumption of electricity unit in my factory.
Kindly request to guide on this, I am confuse because, electricity is not taxable in GST, and ultimate product generate from penal is electricity.
I am a manufacturer of medicine and install solar panel somewhere ales far, i.e. Out side my factory, to generate electricity, whether I am eligible to Input tax of GST paid on purchase and installation charges paid for solar penal?
I am getting adjustment of ele. unit generated from my solar penal against my consumption of electricity unit in my factory.
Kindly request to guide on this, I am confuse because, electricity is not taxable in GST, and ultimate product generate from penal is electricity.
CA R SEETHARAMAN
(Expert)
16 August 2019
You are not eligible to Input tax of GST paid on purchase and installation charges paid for solar penal, as electricity is not taxable in GST.
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