The Hon’ble Tamil Nadu AAR held that, the Applicant has procured the solar panels for use in their business and also stated that the entire amount excluding the GST component has been capitalised thereby deprecation on the GST element has not been claimed for which documentary evidences has been produced by the Applicant.
Source: a2ztaxcorp.com
Latest Posts in "India"
- GST 2.0: Key Changes, New Rates, and Business Impact Explained
- Guide to GST Refunds for Unregistered Persons: Cancelled Service Contracts Explained
- India Reduces GST on Solar and Wind Equipment to 5%, Cutting Renewable Energy Project Costs
- India Unveils Next-Gen GST: Simplified Tax Structure, Lower Rates, Boosts Business and Affordability
- Piyush Goyal Urges Industries to Pass GST Benefits to Consumers for Economic Growth
