TaxTMI 
TaxTMI 
If I have one business paper mill and other business is Production of film.
Whether I am eligible to utilise ITC availed on raw material used in manufacturing paper in outward liability of films.
Two business in one GST number
25 Jan 2020 
2 Replies 
5849 Views Asked by
Input tax credit use across businesses permitted when credits are used in furtherance of business, subject to statutory conditions.
ITC need not be matched one to one to outward supplies and may be utilised where it is being used or intended to be used in the course or furtherance of his business. Claimant must comply with statutory eligibility, reversal and apportionment conditions for ITC. Amounts in the electronic credit ledger may be used to pay output tax subject to prescribed manner, conditions and timing and any specific procedural conditions for ledger utilisation. (AI Summary)
ITC need not be matched one to one to outward supplies and may be utilised where it is being used or intended to be used in the course or furtherance of his business. Claimant must comply with statutory eligibility, reversal and apportionment conditions for ITC. Amounts in the electronic credit ledger may be used to pay output tax subject to prescribed manner, conditions and timing and any specific procedural conditions for ledger utilisation. (AI Summary)