Since breakup of ITC is made optional, we are not required to find expenses wise ITC. So in this case do we have to make reversals under Rule 42? Because nearly 95% of business will have some sort of exempt outward supply (Like even Interest received). So again we are required to find expenses wise breakup to arrive at common credit??
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Break up of ITC made optional in GSTR 9 and GSTR 9C
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