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Goods or services received by a registered person are used partly for the purpose of business and partly for other purposes, whether the input tax credit is available to the person

Goods or services received by a registered person are used partly for the purpose of business and partly for other purposes, whether the input tax credit is available to the person :

 

Where goods or services received by a registered person are used partly for the purpose of business and partly for other purposes, whether the input tax credit is available to the person?

Ans. The input tax credit of goods or services or both attributable only to the purpose of business can be taken by registered person. The manner of calculation of eligible credit would be provided by rules.

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