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of <h1>Rule 43: Determining Input Tax Credit on Capital Goods for Mixed-Use, Including Reversal and Adjustment Procedures</h1> Rule 43 of the Central Goods and Services Tax Rules, 2017, outlines the method for determining input tax credit (ITC) on capital goods used for both business and non-business purposes, or for taxable and exempt supplies. ITC for capital goods used exclusively for non-business or exempt supplies is not credited to the electronic credit ledger. ITC for goods used for taxable supplies, including zero-rated supplies, is credited. For mixed-use capital goods, ITC is apportioned and reversed over five years. The rule also details calculations for common credit, reversal of credit for exempt supplies, and adjustments for changes in use.
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