TaxTMI Login
Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Input tax credit apportionment for capital goods: prorated common credit allocated to exempt supplies and added to output liability.</h1> Methodology requires mixed use capital goods to be treated as common credit, credited to the electronic credit ledger and amortised over the goods' useful life. Aggregate common credit for a period is divided to derive periodic common credit; the exempt attributable portion is computed by applying the exempt to turnover ratio and is added, with interest, to output tax liability. Reclassifications between exclusive and common categories trigger prescribed periodic reductions or additions to the common credit. Separate computations are maintained for each tax component.
TaxTMI 
TaxTMI 
