sir
its petrol pump (trading petrol,diesel& oil) oil only taxable item.
(proprietor concern ) now install solar energy at petrol bunk invoice raised on business name.
its eligible for Input tax??on GST
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Input Eligible for Solar Energy?
Replies (4)
YES eligible
Proportionate ITC reversal under Section 17(2) r/w Section 2(49) as per manner prescribed under Rule 42/43.
17(2) requires ITC reversal on exempt supply.
2(49) exempt supply includes non-taxable supply. 9(2) provides for non-levy of GST on petrol, diesel.
Rule 42/43 - manner for reversal of ITC.
CA Akshay Hiregange Sir answer is proper n correct..
not eligible if outward supply exempt or non taxable
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