https://www.taxtmi.com/article/detailed?id=10247 ITC legitimately taken merges into a common pool in the Electronic Credit Ledger and, because Section 16(1) does not require a one-to-one correlation between particular inputs and particular outward supplies, such ITC may be used to discharge GST on outward supplies even where there is no nexus between the inputs on which ITC was claimed and the outward supply. en-us Sat, 05 Feb 2022 15:52:28 +0530 Sat, 05 Feb 2022 15:52:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10247 ITC legitimately taken merges into a common pool in the Electronic Credit Ledger and, because Section 16(1) does not require a one-to-one correlation between particular inputs and particular outward supplies, such ITC may be used to discharge GST on outward supplies even where there is no nexus between the inputs on which ITC was claimed and the outward supply. Articles Goods and Services Tax - GST Sat, 05 Feb 2022 15:52:28 +0530 https://www.taxtmi.com/article/detailed?id=10247