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Input tax credit available on installation of Solar Power Panel as electricity so generated captively used for manufacture of taxable goods

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

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