Input Tax Credit Puf panels
This query is : Resolved
05 April 2025
Whether ITC on PUF Panels HSN code 94060092 is available in case of manufacturing unit.
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.
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.
Pl clarify whether it is available for a manufacturing unit other than Cold storage which is capitalised.
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.
29 September 2025
Good luck..
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