ITC on Raw Materials or Machine.

ITC / Input 289 views 8 replies
If a machine / raw material purchased and partially used for producing Taxable Finished Products, then how can ITC be claimed and what will be the base of apportionment. Please clarify.
Replies (8)
Yes itc is available.
How can i apportion in above case?
give en example

apportionement is 1 del itc exclusively for non tax supply

                            2. then del itc exclusively for  tax supply

                             3 then from common itc apply turnover ratio

simplest general way i am telling u. need more del depends upon case to case

Suppose a boiler is purchased to generate steam in milk processing plant, steam is used to process milk and some quantity of milk is used for liquid milk sale and some for milk products. In that case how can i claim ITC of GST paid on purchase of boiler. Another case is Sugar , which is partially used for tax free and taxable products.
please advice
Clarify anyone.

I ALREADY TOLD YOU. REST CAN BE CLARIFIES WITH FIGURES ONLY


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