https://www.taxtmi.com/forum/issue?id=118255 Input Tax Credit on preservatives used for both taxable and exempt goods must be separated: if preservative use for exempt supplies is identifiable at invoice level that portion must be reversed; otherwise apportion ITC using the ratio of taxable turnover to combined taxable and exempt turnover and reverse the balance attributable to exempt use, with the reversal disclosed in the periodic returns. en-us Tue, 29 Nov 2022 17:52:09 +0530 Thu, 23 Jan 2025 15:54:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118255 Input Tax Credit on preservatives used for both taxable and exempt goods must be separated: if preservative use for exempt supplies is identifiable at invoice level that portion must be reversed; otherwise apportion ITC using the ratio of taxable turnover to combined taxable and exempt turnover and reverse the balance attributable to exempt use, with the reversal disclosed in the periodic returns. Discussion-Forum GST Tue, 29 Nov 2022 17:52:09 +0530 https://www.taxtmi.com/forum/issue?id=118255