Input Tax Credit Puf panels

This query is : Resolved

Quick Summary

Input Tax Credit (ITC) on PUF panels (HSN code 94060092) for manufacturing units is generally available if used for taxable supplies. However, GST rules state that ITC on capitalised building construction materials is not allowed. If PUF panels are used for permanent structures and capitalised, ITC may not be claimable, unlike their use in temporary structures where there's an option to consume the credit.

pawan bahl

pawan bahl (Querist)
Follow

05 April 2025 Whether ITC on PUF Panels HSN code 94060092 is available in case of manufacturing unit.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

06 April 2025 Yes, Input Tax Credit (ITC) is available for PUF panels used in a manufacturing unit. According to GST rules, a manufacturer can claim ITC on inputs used in the course of business, provided the goods are used for taxable supplies. This means if a manufacturing unit uses PUF panels for constructing cold storage facilities that are part of their business operations, they can claim ITC on the GST paid for these panels.

pawan bahl

pawan bahl (Querist)
Follow

06 April 2025 As per 17(5) ITC on Building construction material which is capitalised in not available. This manufacturing unit is not a Cold storage. Also HSN code 9406 comes under Prefabricated Building .
Pl clarify whether it is available for a manufacturing unit other than Cold storage which is capitalised.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

06 April 2025 If used for building construction having permanent structure you should capitalized it; but if used for temporary structure, you have option to consume it.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

29 September 2025 Good luck..

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now