AAR: Rules on ITC apportionment on capital goods used for exempt-goods manufacture subsequently

West Bengal AAR rules on apportionment of ITC on capital goods when said goods initially used for production of taxable goods are subsequently used for manufacturing exempt goods also; Accepts the mechanism for apportionment of ITC to the electronic credit ledger in terms of Rule 43(1)(c) of CGST Rules which prescribes 60 months from the date of invoice as the useful life of such capital goods; Further, notes that Rule 43(1) provides the mechanism for apportionment ...