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Input Tax Credit

ITC / Input 387 views 3 replies
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CA Article Assistant
132 Points Posted on 25 January 2019
Whether ITC of Solar Panel installation for Petrol Pump can be utilized or not.
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On 25 January 2019 at 16:46 Report
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Chartered Accountant
12739 Points Posted on 25 January 2019

can be utilized and capitalized the SOLAR ENERGY PANEL  

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On 25 January 2019 at 16:52
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Self employed
2193 Points Posted on 26 January 2019
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.
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On 26 January 2019 at 15:14
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7059 Points Posted on 02 March 2019
thank you and congratulations
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On 02 March 2019 at 00:25


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