Determination of ITC - partly used for exempt supply and partly used for taxable supplies

Determination of ITC - partly used for exempt supply and partly used for taxable supplies https://www.taxtmi.com/forum/issue?id=114816 Where inputs are used partly for taxable supplies and partly for exempt supplies, only the proportionate ITC attributable to taxable supplies may be availed; the remainder must be disallowed or reversed. The apportionment follows the statutory blocking and apportionment framework under Section 17(2) of the CGST Act, using the ratio of taxable to total supplies to compute the eligible ITC share. en-us Mon, 01 Apr 2019 11:43:15 +0530 Thu, 23 Jan 2025 15:55:08 +0530 TaxTMI RSS Generator Determination of ITC - partly used for exempt supply and partly used for taxable supplies https://www.taxtmi.com/forum/issue?id=114816 Where inputs are used partly for taxable supplies and partly for exempt supplies, only the proportionate ITC attributable to taxable supplies may be availed; the remainder must be disallowed or reversed. The apportionment follows the statutory blocking and apportionment framework under Section 17(2) of the CGST Act, using the ratio of taxable to total supplies to compute the eligible ITC share. Discussion-Forum GST Mon, 01 Apr 2019 11:43:15 +0530 https://www.taxtmi.com/forum/issue?id=114816