Roof Solar Plant Classifiable under Plant and Machinery, Eligible for ITC: AAAR [Read Order]

Roof Solar Plant - Solar Plant - Roof Solar - Solar Plant Classifiable under Plant and Machinery - Classifiable under Plant and Machinery - TAXSCAN

The Gujarat Appellate Authority for Advance Ruling (AAAR) observed that roof solar plant classifiable under plant and machinery and hence eligible for input tax credit (ITC). M/s. The Varachha Co-Op. Bank Ltd, is the appellant in the present matter. The solar equipment can be qualified as ‘Plant and Machinery’ will be used for furtherance of…

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