Block Credit - Goods or services or both used for personal consumption [Section 17(5)(g)]

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..... * If part of goods or services purchased is consumed for both business and personal use, then ITC will be allowed only to the extent of business use as per the formula of common credit. Examples Example 1:- M/s Kiara Enterprises is seller of cooler, purchase 50 cooler of 2,50,000/-(exclusive GST) for sale during the summer period, out of the stock one cooler take one cooler for personal use ....