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SOLAR PLANT POWER

Ankit Rikhi (570 Points)

08 March 2025

can I claim itc solar power while using the business premises

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Kishor Lulla (1011 Points)
Replied 09 March 2025

No. it's treated as immovable property

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Kishor Lulla (1011 Points)
Replied 09 March 2025

No. it's treated as immovable property

Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (7300 Points)
Replied 09 March 2025

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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Ankit Rikhi (570 Points)
Replied 09 March 2025

Thanks kishor ji

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