https://www.taxtmi.com/article/detailed?id=8527 Input tax credit on fixed assets is restricted to the portion attributable to taxable business use where assets are used partly for business and partly for other or exempt purposes; proportionate claim and reversal follow Rule 43. Motor vehicles and conveyances are generally ineligible for credit except when used for further supply of such vehicles, passenger transportation, imparting training, or goods transportation. Unclaimed proportionate credit may be capitalised and depreciation claimed on that capitalised amount. en-us Tue, 04 Jun 2019 14:03:18 +0530 Tue, 04 Jun 2019 14:03:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8527 Input tax credit on fixed assets is restricted to the portion attributable to taxable business use where assets are used partly for business and partly for other or exempt purposes; proportionate claim and reversal follow Rule 43. Motor vehicles and conveyances are generally ineligible for credit except when used for further supply of such vehicles, passenger transportation, imparting training, or goods transportation. Unclaimed proportionate credit may be capitalised and depreciation claimed on that capitalised amount. Articles Goods and Services Tax - GST Tue, 04 Jun 2019 14:03:18 +0530 https://www.taxtmi.com/article/detailed?id=8527