https://www.taxtmi.com/caselaws?id=411094 The ruling clarified that the value of assets outside the purview of GST must be included for apportioning input tax credit (ITC) in case of demerger per Section 18(3) of the CGST Act, 2017 and Rule 41(1) of the CGST Rules, 2017. It was determined that assets created to comply with Accounting Standards and assets not transferred as part of the demerger should also be considered in the value of assets for ITC apportionment. Additionally, all assets must be attributed to a specific GSTIN for computing the asset ratio, with assets transferred to new units relative to total assets in the state for accurate ITC apportionment. en-us Fri, 30 Jul 2021 00:00:00 +0530 Wed, 26 Mar 2025 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411094 The ruling clarified that the value of assets outside the purview of GST must be included for apportioning input tax credit (ITC) in case of demerger per Section 18(3) of the CGST Act, 2017 and Rule 41(1) of the CGST Rules, 2017. It was determined that assets created to comply with Accounting Standards and assets not transferred as part of the demerger should also be considered in the value of assets for ITC apportionment. Additionally, all assets must be attributed to a specific GSTIN for computing the asset ratio, with assets transferred to new units relative to total assets in the state for accurate ITC apportionment. Case-Laws GST Fri, 30 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411094