https://www.taxtmi.com/forum/issue?id=113447 Apportion the total common input tax credit across all business verticals under the GSTIN in proportion to each vertical's share of the GSTIN's total turnover; then, for a vertical supplying both taxable and exempt supplies, apply Rule 42 by multiplying that vertical's attributable common credit by the ratio of its exempt turnover to its own total turnover to compute the reversible ITC (with the example also adding a small percentage component to the computed reversal). en-us Thu, 01 Mar 2018 17:15:45 +0530 Thu, 23 Jan 2025 15:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113447 Apportion the total common input tax credit across all business verticals under the GSTIN in proportion to each vertical's share of the GSTIN's total turnover; then, for a vertical supplying both taxable and exempt supplies, apply Rule 42 by multiplying that vertical's attributable common credit by the ratio of its exempt turnover to its own total turnover to compute the reversible ITC (with the example also adding a small percentage component to the computed reversal). Discussion-Forum GST Thu, 01 Mar 2018 17:15:45 +0530 https://www.taxtmi.com/forum/issue?id=113447