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Credit of input tax of GST paid, Goods and Services Tax - GST

Issue Id: - 117944
Dated: 5-5-2022
Credit of input tax of GST paid

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Dear Experts,

We are manufacturers of Food items both as nil rate of GST and taxable. We are going to install a Zero Discharge Plant for Upgradation of ETP. My query is whether GST paid on this plant will be available as input tax credit fully or in some proportion. Please give your expert advise.



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Showing Replies 1 to 5 of 5 Records

1 Dated: 5-5-2022
By:- Shilpi Jain

If this plant is used commonly for taxable and exempt supplies then monthly u will be ineligible for credit in proportion of the exempt turnover.

2 Dated: 5-5-2022
By:- Shilpi Jain

Say 60k is total credit on plant. So monthly credit would be 1k.

Assume every month 40percent is exempt turnover in 1st month, 400 to be reversed in first month.

So on in the next months

3 Dated: 6-5-2022

Also need to ensure that credit on GST paid is not taken Land, building or other civil structures and on pipeline laid outside the factory premises on account of explicit block u/s. 17(5)

4 Dated: 6-5-2022
By:- Ganeshan Kalyani

If the additional plant bought to enhance ETP would be capitalised as ETP in books then ITC is eligible.

5 Dated: 9-5-2022
By:- Shilpi Jain

Any support structure of the palnt and machinery or foundation structures will also be eligible for credit


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