Question 8 - Where goods and/or services received by a taxable person are used for effecting both taxable and non-taxable supplies, whether the input tax credit is available to the registered taxable person?
FAQ on GST dated 21.9.2016 based on Draft Model GST Chapter 10 Input Tax Credit
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Input tax credit limited to inputs used for taxable supplies; apportionment must follow prescribed GST ITC rules. Only input tax credit attributable to taxable supplies may be claimed by a registered taxable person; the eligible credit must be computed by the method ... Summary
Input tax credit limited to inputs used for taxable supplies; apportionment must follow prescribed GST ITC rules.
Only input tax credit attributable to taxable supplies may be claimed by a registered taxable person; the eligible credit must be computed by the method prescribed under the statute and GST ITC Rules. Credit on capital goods is allowed on a proportionate basis, subject to the prescribed apportionment mechanism.
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