https://www.taxtmi.com/caselaws?id=329150 Where inputs are used for both taxable and exempt turnover, the prescribed apportionment formula could be applied in the absence of approval for any special formula, and the restriction on input tax credit was sustained. Purchases for a manufacturer's research centre were held to have a direct nexus with manufacturing activity and to fall within "business", so credit was admissible. An uninterrupted power supply system used for the manufacturing plant also qualified for credit because it supported the production process, and its character as capital goods did not by itself exclude eligibility. en-us Fri, 26 Feb 2016 00:00:00 +0530 Fri, 13 Jan 2017 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329150 Where inputs are used for both taxable and exempt turnover, the prescribed apportionment formula could be applied in the absence of approval for any special formula, and the restriction on input tax credit was sustained. Purchases for a manufacturer's research centre were held to have a direct nexus with manufacturing activity and to fall within "business", so credit was admissible. An uninterrupted power supply system used for the manufacturing plant also qualified for credit because it supported the production process, and its character as capital goods did not by itself exclude eligibility. Case-Laws VAT and Sales Tax Fri, 26 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329150