TMI BlogInput tax credit (ITC) - the assessee is required to compute the admissible amount of the input tax...Input tax credit (ITC) - the assessee is required to compute the admissible amount of the input tax credit on the capital goods used for both taxable and exempt supplies in the tax periods over the useful life of such capital goods, calculated from the date of invoice. - AAR ..... X X X X Extracts X X X X X X X X Extracts X X X X
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