Windmill related
Querist : Anonymous
we have ( Pvt Ltd Company) decide to purchase 2nd hand windmill form GST registered person my query is
1. in 2nd hand windmill we claim the depreciation in IT Act OR not
2. 80I deduction is available OR Not
3. we Claim the GST Input OR Not
please clarify the above
Thanking you
2 80I deduction available only for new unit.
3 Out put power is exempt from GST so you can't claim GST input credit.
Querist : Anonymous
Thanks for your replay
Our Seller already claimed 80% Depreciation can i claim 15% like treated as machinery
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