Rule 42 of GST ITC Reversal

Hi,

In Rule 42 of GST 

D2=The amount of credit attributable to non-business purposes if common inputs and input services are used partly for business and partly for non-business purposes and shall be equal to 5% of C2 and calculated as

D2=C2×5%

 

In our case we dont have any non business purpose activities. So i need to calculated the 5% of C2 or the 5% reversal not applicable to me

 

Please clarify

 

Replies (1)
No.... not required to do reversal if don't have the Non business supplies.

Note : But if your are claiming ITC on Telephone bill , then need to compute the D2 value (ITC pertaining to non business supplies)

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