capital goods

CALCULATION of Input Tax Credit Reversal when Capital Goods Used In supply of both exempted supply & taxable supply

Calculate monthly credit - ITC ÷ 60, say X

2. Calculate ITC attributable to exempt supply - X x Exempt Supply ÷ Total Supply for the month

3. Reverse the same for every month

4. Pay interest as well 😂

why interest??

As u have claim full ITC when capital goods being purchased & u where liable for ITC attributes to exempted sale., moreover its by law

sir there is a confusion there because in clause (a) of rule 43