AI OCR 
TaxTMI 
TaxTMI 
TaxTMI 
Credit of input tax of GST paid
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....redit of input tax of GST paid<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 5-5-2022 Last Reply Date:- 9-5-2022 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Dear Experts, We are man....
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....ufacturers 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 inp....
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....ut 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 mont....
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....hly 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 40per....
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....cent 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, buil....
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....ding 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 enhan....
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....ce 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 fo....
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....r credit<br> Discussion Forum - Knowledge Sharing ....