Block on Input Tax Credit for personal consumption limits ITC to business use under the common credit formula. Block on Input Tax Credit applies where goods or services are used for personal consumption, denying credit for wholly personal use; where use is mixed, ... Summary
Block on Input Tax Credit for personal consumption limits ITC to business use under the common credit formula.
Block on Input Tax Credit applies where goods or services are used for personal consumption, denying credit for wholly personal use; where use is mixed, ITC is apportioned and allowed only to the business-use portion by applying the common credit formula.
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