According to the provisions of blocked credit , the when goods are used for personal purpose , complete ITC is not allowed on it.
But according to s.17(1),when capital goods are purchased and used for business and non-business purpose , proportionate ITC shall be allowed Aren't they contradicting or Is my view incorrect?
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BLOCKED CREDIT VS S. 17(1)
Replies (4)
proportionate ITC is allowed
ITC is not allowed for goods / services for personal
in both sections , input of goods / services used for the personal nature = NOT ALLOWED
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