Gst input credit on proportionate
This query is : Resolved
Deepak Kumar
(Querist)
21 February 2019
if we are providing taxable services as well as exempt services, How to determine the credit attributable to exempt supplies. please let me know the formula of proportionate ?
CA CS Chirag
(Expert)
21 February 2019
proportionate based on turnover
ITC of Exempt Service = Total Exempt service * ITC / Total Turnover
ITC of Exempt Service = Total Exempt service * ITC / Total Turnover
CA NEERAJ SHARMA
(Expert)
21 February 2019
Go through rule 42 & 43 of Gst
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