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
CAclubindia
