Solar Power Generating Plant is Plant & machinery eligible for ITC

In re Pristine Industries Limited (GST AAR Rajasthan) ‘Solar Power Generating Plant’ of the applicant qualify as ‘plant and machinery’ as it falls under machinery as discussed above and not covers under (i) land, building or any other civil structures; (ii) telecommunication towers; and (iii) pipelines laid outside the factory premises. Therefore, subject to the goods being capitalised in their books of account, the said plant is ‘Capital Goods’. The “Solar Power Generating Plant is to be used for generation of electrical energy, the electrical energy ...