https://www.taxtmi.com/forum/issue?id=120033 Input tax credit reversal is required where inputs or input services are used to make both taxable supplies and exempt by products: the credit must be restricted to the portion attributable to taxable supplies and the proportion attributable to exempt turnover must be reversed. Characterisation of the by product as marketable or independently classifiable determines its treatment as an exempt supply, and taxpayers must apportion common credit and reverse the exempt share accordingly. en-us Wed, 21 May 2025 16:29:13 +0530 Fri, 23 May 2025 14:06:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120033 Input tax credit reversal is required where inputs or input services are used to make both taxable supplies and exempt by products: the credit must be restricted to the portion attributable to taxable supplies and the proportion attributable to exempt turnover must be reversed. Characterisation of the by product as marketable or independently classifiable determines its treatment as an exempt supply, and taxpayers must apportion common credit and reverse the exempt share accordingly. Discussion-Forum GST Wed, 21 May 2025 16:29:13 +0530 https://www.taxtmi.com/forum/issue?id=120033