https://www.taxtmi.com/forum/issue?id=118092 For common ITC reversal under the prescribed apportionment formula, total turnover for the tax period means the registered person's aggregate supplies in the State and must include turnover from trading activities; no separate manufacturing only or business segment calculation is envisaged, so trading supplies are aggregated with manufacturing supplies when determining the denominator for allocation of common input tax credit. en-us Mon, 01 Aug 2022 21:12:57 +0530 Thu, 23 Jan 2025 15:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118092 For common ITC reversal under the prescribed apportionment formula, total turnover for the tax period means the registered person's aggregate supplies in the State and must include turnover from trading activities; no separate manufacturing only or business segment calculation is envisaged, so trading supplies are aggregated with manufacturing supplies when determining the denominator for allocation of common input tax credit. Discussion-Forum GST Mon, 01 Aug 2022 21:12:57 +0530 https://www.taxtmi.com/forum/issue?id=118092