ITC ON SOLAR PANEL
This query is : Resolved
28 July 2023
Respected Experts
Kindly guide me for the following
Shall we take GST ITC on Solar Panel which is fixed on our factory ?
Kindly guide me for the following
Shall we take GST ITC on Solar Panel which is fixed on our factory ?
28 July 2023
If the power generated from it's used for the factory and GST is applicable on the output of the factory.
28 July 2023
Sir,
Thanks for your reply.
Further, it's work like home solar panel
so we can get GST ITC.
it's not fall under 17/2 i.e. block credit ?
Thanks for your reply.
Further, it's work like home solar panel
so we can get GST ITC.
it's not fall under 17/2 i.e. block credit ?
28 July 2023
Further, we are manufacturing of Induction Electric Motors which are using in different type of industries like Textile Machinery, Food Processing etc.
28 July 2023
Yes, ITC can be claimed in such a case.
29 July 2023
Thanks sir for your valuable advise
29 July 2023
You are welcome...
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