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TMI BlogCredit of input tax of GST paidX X X X Extracts X X X X X X X X Extracts X X X X ..... Credit of input tax of GST paid X X X X Extracts X X X X X X X X Extracts X X X X ..... nufacturers 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 in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... put tax credit fully or in some proportion. Please give your expert advise. REGARDS, WADHWA Reply By Shilpi Jain: The Reply: If this plant is used commonly for taxable and exempt supplies then mon ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... thly u will be ineligible for credit in proportion of the exempt turnover. Reply By Shilpi Jain: The Reply: Say 60k is total credit on plant. So monthly credit would be 1k. Assume every month 40pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rcent is exempt turnover in 1st month, 400 to be reversed in first month. So on in the next months Reply By SOWMYA CA: The Reply: Also need to ensure that credit on GST paid is not taken Land, bui ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lding or other civil structures and on pipeline laid outside the factory premises on account of explicit block u/s. 17(5) Reply By Ganeshan Kalyani: The Reply: If the additional plant bought to enha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nce ETP would be capitalised as ETP in books then ITC is eligible. Reply By Shilpi Jain: The Reply: Any support structure of the palnt and machinery or foundation structures will also be eligible f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or credit X X X X Extracts X X X X X X X X Extracts X X X X
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