TaxTMI 
TaxTMI 
ITC in case of mixed supply
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....TC in case of mixed supply<br> Query (Issue) Started By: - husen kadwalwala Dated:- 26-10-2023 Last Reply Date:- 4-11-2023 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Dear sir, we are in ....
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....process of manufacturing corn flakes and cattle feed. 1. corn flakes @ 5% GST 2. cattle feed is nil rated for packing material we follow process where we take complete credit for packing a material....
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.... used in corn flakes packing. we dont take any credit for nil rated supplies. is this the right approach ? Reply By Ganeshan Kalyani: The Reply: Yes , it is correct. Apart from this credit there ....
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....may be other credit like consultancy service, audit fees etc. where you can take credit to the extent of corn flakes supply. The turnover ratio can be taken to arrive at the proportionate credit eligi....
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....ble. Reply By KASTURI SETHI: The Reply: Proportionate ITC has to be taken as per formula under Rule 42 of CGST Rules. Reply By Shilpi Jain: The Reply: If you can identify the packing material exp....
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....enses for both separately, you can take full credit of the packing material for corn flakes. and reverse full ITC relating to feed.<br> Discussion Forum - Knowledge Sharing ....