Home Forum Goods and Services Tax - GST Month 9 2019 2019 (9) This
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What is beggining of tax period-Rule 43(1)(f) - Goods and Services Tax - GSTExtract Can anyone please clarify me that while calculating the ITC of capital goods attributable to exempt supplies through the formula (te=tr x e/t) whether tr will include tm of capital goods at the beggining of the tax period whose useful life remains during the tax period or it will include tm of capital goods at the beggining+tm of capital goods acquired during the tax period also Languge of Rule 43:- (f) the amount of input tax credit, at the beginning of a tax period, on all common capital goods whose useful life remains during the tax period, be denoted as Tr and shall be the aggregate of Tm for all such capital goods; please clarify
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