Depreciation & GST Input on Solar System

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Manager
122 Points Posted on 05 January 2018
Dear all,

I am purchasing (Installing) Solar Power Plat at a Petrol Pump for electricity supply.
can I claim Gst input Credits and depreciation also ?
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On 05 January 2018 at 18:10 Report
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owner
59 Points Posted on 05 January 2018

Either Depreciation can be claimed or the ITC on the taxable inputs used in furtherance of that/his business only.

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On 05 January 2018 at 18:39
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CA Final
2405 Points Posted on 05 January 2018
If you used for business purpose then you can claim ITC & if you used for personal as well as business then ITC can claim proportionately.. And depreciation can not deduct on ITC if you claim
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On 05 January 2018 at 18:54
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Manager
122 Points Posted on 05 January 2018
Electricity supply to petrol pump machinary and business type is diesel, petrol sales.
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On 05 January 2018 at 21:57

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