https://www.taxtmi.com/forum/issue?id=118839 Apportionment rules require reversal of Input Tax Credit when inputs are common to both taxable and exempt supplies; credits exclusively attributable to taxable supplies may be retained in full. Taxpayers should perform invoice-level allocation and apply the prescribed apportionment formula carefully to avoid improper blanket reversals by authorities. en-us Wed, 01 Nov 2023 21:32:35 +0530 Fri, 24 Jan 2025 10:40:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118839 Apportionment rules require reversal of Input Tax Credit when inputs are common to both taxable and exempt supplies; credits exclusively attributable to taxable supplies may be retained in full. Taxpayers should perform invoice-level allocation and apply the prescribed apportionment formula carefully to avoid improper blanket reversals by authorities. Discussion-Forum GST Wed, 01 Nov 2023 21:32:35 +0530 https://www.taxtmi.com/forum/issue?id=118839