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 ?
Depreciation & GST Input on Solar System
Replies (3)
Either Depreciation can be claimed or the ITC on the taxable inputs used in furtherance of that/his business only.
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
Electricity supply to petrol pump machinary and business type is diesel, petrol sales.
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