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of <h1>Claim Input Tax Credit for Business Use Only as per Section 16(5) of Model GST Law; Proportionate for Capital Goods.</h1> A registered taxable person can claim input tax credit only for goods and services used for business purposes, as per section 16(5) of the Model Goods and Services Tax Law. The eligible credit amount will be determined according to a method prescribed under section 16(7) and the forthcoming GST Input Tax Credit Rules. Additionally, credit on capital goods is allowed on a proportionate basis.
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