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Solar panel


Bishal Dutta   04 August 2020

Bishal Dutta

 6 likes  92 points

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i have purchased solar light @ 5% for goverment supplies after fitting the same i have billed to the department @ 12% under works contract. therefor can i claim input of the solar panels which i have purchased earlier????

avater

Sagar Patel (Tax and Business Consultant)     04 August 2020

Sagar Patel
Tax and Business Consultant 
 807 likes  8837 points

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Yes, you can claim ITC on solar light purchased by you and used for work contract, as it's used or intended to be used in the course or furtherance of his business, and also not restricted under section 17(5) CGST Act.

You can claim credit subject to section 16(2) & (4) of CGST Act like your GSTIN is mentioned on purchase invoice, ect....

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Ravi SADhiyan (CA Final)     05 August 2020

Ravi SADhiyan
CA Final 
 265 likes  4405 points

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Originally posted by : Sagar Patel
Yes, you can claim ITC on solar light purchased by you and used for work contract, as it's used or intended to be used in the course or furtherance of his business, and also not restricted under section 17(5) CGST Act.You can claim credit subject to section 16(2) & (4) of CGST Act like your GSTIN is mentioned on purchase invoice, ect....

I also agree with @ Mr. Sagar Ji

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Bishal Dutta   05 August 2020

Bishal Dutta

 6 likes  92 points

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Thank You @ sager patel and @ Ravi sadhiyan

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Meet Patel   05 August 2020

Meet Patel

 2 points

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Can Pvt. Ltd. company project own Solar plant , how's the Descripttion benifits for income tax benefits . please describe it


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