https://www.taxtmi.com/forum/issue?id=117883 Admissibility of input tax credit on inputs and input services used to manufacture capital solar panels installed to supply exempt electricity depends on the contractual characterisation and allocation of consideration. If the contract evidences a sale of equipment with consideration tied to electricity supplied and the security deposit treated as sale consideration, ITC may be argued as eligible; if the contract is primarily for supply of exempt electricity with an optional later transfer, the credit claim may be disputed and reversal obligations may arise. en-us Fri, 01 Apr 2022 17:24:12 +0530 Thu, 23 Jan 2025 15:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117883 Admissibility of input tax credit on inputs and input services used to manufacture capital solar panels installed to supply exempt electricity depends on the contractual characterisation and allocation of consideration. If the contract evidences a sale of equipment with consideration tied to electricity supplied and the security deposit treated as sale consideration, ITC may be argued as eligible; if the contract is primarily for supply of exempt electricity with an optional later transfer, the credit claim may be disputed and reversal obligations may arise. Discussion-Forum GST Fri, 01 Apr 2022 17:24:12 +0530 https://www.taxtmi.com/forum/issue?id=117883