https://www.taxtmi.com/caselaws?id=386352 Input tax credit on capital goods used first for taxable supplies and later for both taxable and exempt supplies must be apportioned under Rule 43 over the useful life from the date of invoice, with the balance credit reversed to the extent attributable to exempt supplies. For input services, common credit under Rule 42 is computed by reference to exempt supplies in the relevant tax period; where exempt production had not commenced, the exempt value was nil and no reversal was required for that year, subject to year-end adjustment under Rule 42(2). en-us Mon, 23 Sep 2019 00:00:00 +0530 Tue, 11 Mar 2025 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386352 Input tax credit on capital goods used first for taxable supplies and later for both taxable and exempt supplies must be apportioned under Rule 43 over the useful life from the date of invoice, with the balance credit reversed to the extent attributable to exempt supplies. For input services, common credit under Rule 42 is computed by reference to exempt supplies in the relevant tax period; where exempt production had not commenced, the exempt value was nil and no reversal was required for that year, subject to year-end adjustment under Rule 42(2). Case-Laws GST Mon, 23 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386352