https://www.taxtmi.com/forum/issue?id=115141 ITC attributable to exempt seed cake produced by a composite ginning and oil mill must be apportioned and reversed; if consumption records are absent, apportionment is by exempt product turnover proportion, while recorded specific consumption allows reversal on actual consumption. In practice full ITC is claimed in GSTR 3B and the ineligible portion reversed subsequently; cost accounting or prior period turnover ratios are practical bases for allocation. en-us Tue, 02 Jul 2019 19:29:57 +0530 Thu, 23 Jan 2025 15:55:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115141 ITC attributable to exempt seed cake produced by a composite ginning and oil mill must be apportioned and reversed; if consumption records are absent, apportionment is by exempt product turnover proportion, while recorded specific consumption allows reversal on actual consumption. In practice full ITC is claimed in GSTR 3B and the ineligible portion reversed subsequently; cost accounting or prior period turnover ratios are practical bases for allocation. Discussion-Forum GST Tue, 02 Jul 2019 19:29:57 +0530 https://www.taxtmi.com/forum/issue?id=115141