Assessee Must Calculate Input Tax Credit for Capital Goods Used in Taxable and Exempt Supplies Over Useful Life.

Assessee Must Calculate Input Tax Credit for Capital Goods Used in Taxable and Exempt Supplies Over Useful Life. https://www.taxtmi.com/highlights?id=49485 Input tax credit (ITC) - the assessee is required to compute the admissible amount of the input tax credit on the capital goods used for both taxable and exempt supplies in the tax periods over the useful life of such capital goods, calculated from the date of invoice. - AAR en-us Thu, 26 Sep 2019 08:06:38 +0530 Thu, 26 Sep 2019 08:06:38 +0530 TaxTMI RSS Generator Assessee Must Calculate Input Tax Credit for Capital Goods Used in Taxable and Exempt Supplies Over Useful Life. https://www.taxtmi.com/highlights?id=49485 Input tax credit (ITC) - the assessee is required to compute the admissible amount of the input tax credit on the capital goods used for both taxable and exempt supplies in the tax periods over the useful life of such capital goods, calculated from the date of invoice. - AAR Highlights GST Thu, 26 Sep 2019 08:06:38 +0530 https://www.taxtmi.com/highlights?id=49485