https://www.taxtmi.com/forum/issue?id=117215 Section 17(2) restricts input tax credit to the portion attributable to taxable supplies while Rule 42 allows full credit for inputs used exclusively for taxable supplies. For apportionment purposes, all common credit is to be considered and total turnover must include entire turnover, irrespective of whether supplies are taxable or exempt; turnover for which exclusive credit is available is not excluded from the turnover base. en-us Thu, 13 May 2021 11:23:45 +0530 Thu, 23 Jan 2025 15:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117215 Section 17(2) restricts input tax credit to the portion attributable to taxable supplies while Rule 42 allows full credit for inputs used exclusively for taxable supplies. For apportionment purposes, all common credit is to be considered and total turnover must include entire turnover, irrespective of whether supplies are taxable or exempt; turnover for which exclusive credit is available is not excluded from the turnover base. Discussion-Forum GST Thu, 13 May 2021 11:23:45 +0530 https://www.taxtmi.com/forum/issue?id=117215