https://www.taxtmi.com/acts?id=24184 Methodology requires mixed use capital goods to be treated as common credit, credited to the electronic credit ledger and amortised over the goods' useful life. Aggregate common credit for a period is divided to derive periodic common credit; the exempt attributable portion is computed by applying the exempt to turnover ratio and is added, with interest, to output tax liability. Reclassifications between exclusive and common categories trigger prescribed periodic reductions or additions to the common credit. Separate computations are maintained for each tax component. en-us Mon, 03 Apr 2017 13:08:16 +0530 Fri, 19 May 2017 14:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24184 Methodology requires mixed use capital goods to be treated as common credit, credited to the electronic credit ledger and amortised over the goods' useful life. Aggregate common credit for a period is divided to derive periodic common credit; the exempt attributable portion is computed by applying the exempt to turnover ratio and is added, with interest, to output tax liability. Reclassifications between exclusive and common categories trigger prescribed periodic reductions or additions to the common credit. Separate computations are maintained for each tax component. Act-Rules Bills Mon, 03 Apr 2017 13:08:16 +0530 https://www.taxtmi.com/acts?id=24184