Rule 43 Common credit apportionment

ITC / Input 240 views 2 replies
When Capital goods exclusively being used for exempt purposes are subsequently being used for common purposes (taxable and exempt),
Common credit portion (Tc) is found after deducting 5% per quarter used

Now for Tm will Tc be divided by 60 months or balance remaning months?
Replies (2)
60 Months
Okay! Thanks alot😊


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