ITC proportionate % computation

E.KALAIKOVAN (Sr. Accounts Manager ) (339 Points)

03 March 2021  

Shipping Transport is eligible ITC only on Input Service and Capital Goods (Ship)

The ITC proportionate Rate will be calculated

Taxable income / Total income x 100.

Last month Ship is sold out (Capital goods). This is also be to be taken to find out the Proportionate Rate?