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Input Credit


13 January 2010 Can it be possible to utilise certain percentage of input credit available for the month say 70:30,or it needs to be looked itemwise for availing input credit
Thanx in advance

15 January 2010 Availment restriction exist when one is providing exempt and taxable services. Once the availment is in order the utilisation is not restricted as on date.

15 January 2010 Dear Sir,

request you to clarify

does this ratio of availing credit is fixed on certain parameter, Such as last years % or any other thing?




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