SOLAR PLANT POWER

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573 Points Joined September 2016
can I claim itc solar power while using the business premises
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On 08 March 2025 at 21:25 Report
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1011 Points Joined August 2017
No. it's treated as immovable property
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On 09 March 2025 at 05:48
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1011 Points Joined August 2017
No. it's treated as immovable property
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On 09 March 2025 at 05:48
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Master in Accounts & high court Advocate
9570 Points Joined December 2011

To determine if you can claim Input Tax Credit (ITC) on solar power while using the business premises, let's break down the key points: Eligibility for ITC: 1. *Business Use*: The solar power system must be used for business purposes. 2. *Tax Invoice*: A valid tax invoice from the supplier is required to claim ITC. 3. *GST Registration*: You must be registered under GST to claim ITC. ITC on Solar Power: 1. *GST Rate*: Solar power systems attract a GST rate of 5% [1]. 2. *ITC Claim*: As a registered business, you can claim ITC on the GST paid for the solar power system. Business Premises Usage: 1. *Business Use Percentage*: If the solar power system is used for both business and non-business purposes, you can claim ITC only on the business use percentage. Conclusion: Yes, you can claim ITC on solar power while using the business premises, provided you meet the eligibility ords of the tax invoice, GST payment, and business use percentage. 2. *Consult a Tax Professional*: Ensure you comply with GST regulations and accurately claim ITC by

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On 09 March 2025 at 10:11
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573 Points Joined September 2016
Thanks kishor ji
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On 09 March 2025 at 12:58


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