https://www.taxtmi.com/manuals?id=1941 Rule 43 mandates classification of capital goods into exclusive non business/exempt, exclusive taxable, and common use; aggregates common credit ('Tc') for crediting over a five year useful life; allocates monthly credit ('Tm' = Tc / 60); apportions exempt attributable credit ('Te') each tax period using E/F or project specific carpet area ratios; requires addition of Te to output tax with interest; and prescribes final project reconciliation where Tefinal and Tcfinal determine reversals or reclaiming of excess credit, with separate computations for different tax components. en-us Mon, 30 Jan 2023 12:23:00 +0530 Wed, 17 Jan 2024 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1941 Rule 43 mandates classification of capital goods into exclusive non business/exempt, exclusive taxable, and common use; aggregates common credit ('Tc') for crediting over a five year useful life; allocates monthly credit ('Tm' = Tc / 60); apportions exempt attributable credit ('Te') each tax period using E/F or project specific carpet area ratios; requires addition of Te to output tax with interest; and prescribes final project reconciliation where Tefinal and Tcfinal determine reversals or reclaiming of excess credit, with separate computations for different tax components. Manuals GST Mon, 30 Jan 2023 12:23:00 +0530 https://www.taxtmi.com/manuals?id=1941