https://www.taxtmi.com/caselaws?id=399834 The applicant is eligible for a proportionate claim of Input Tax Credit (ITC) for procurement of capital goods in the power generation business under the GST Act. Solar panels and installation costs can be classified as capital goods for both taxable and exempt purposes, allowing the applicant to claim ITC as per the relevant rules. The common credit should be apportioned based on the total turnover of all business verticals, including the new power generation business. en-us Mon, 28 Sep 2020 00:00:00 +0530 Thu, 20 Mar 2025 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399834 The applicant is eligible for a proportionate claim of Input Tax Credit (ITC) for procurement of capital goods in the power generation business under the GST Act. Solar panels and installation costs can be classified as capital goods for both taxable and exempt purposes, allowing the applicant to claim ITC as per the relevant rules. The common credit should be apportioned based on the total turnover of all business verticals, including the new power generation business. Case-Laws GST Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399834