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Did Solar Grid Connected System be treated as Capital Goods?
Did ITC on Solar Grid Connected System installed at business premises(for business use) be allowable as capital goods? Did Solar Grid Connected System be treated as Capital Goods?
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If life of solar grid is more than a year and even cost of installation is much higher then yes it may be treated a capital asset and ITC be claimed of same over period of 60 months.
plz explain the logic of "more than a year, cost in rupees, over 60 months" or referred gst section in this concern. i read CBIC Release on 15th dec 2018 that credit of tax paid on capital goods is permitted to be availed in one installment. plz guide
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