Where goods and/or services received by a taxable person are used for the purpose of business and non-business supplies, whether the input tax credit is available to the registered taxable person?

Where goods and/or services received by a taxable person are used for the purpose of business and non-business supplies, whether the input tax credit is available to the registered taxable person? https://www.taxtmi.com/acts?id=22354 Input tax credit may be claimed only for the portion of goods or services attributable to business supplies; eligible credit must be calculated in the manner prescribed under the statute and implementing ITC rules. Credit on capital goods is permitted only on a proportionate basis reflecting business use. en-us Thu, 22 Sep 2016 16:48:32 +0530 Thu, 22 Sep 2016 16:48:32 +0530 TaxTMI RSS Generator Where goods and/or services received by a taxable person are used for the purpose of business and non-business supplies, whether the input tax credit is available to the registered taxable person? https://www.taxtmi.com/acts?id=22354 Input tax credit may be claimed only for the portion of goods or services attributable to business supplies; eligible credit must be calculated in the manner prescribed under the statute and implementing ITC rules. Credit on capital goods is permitted only on a proportionate basis reflecting business use. Act-Rules Bills Thu, 22 Sep 2016 16:48:32 +0530 https://www.taxtmi.com/acts?id=22354