alleryStart learning →A good is used partly for business, partly otherwise. ITC allowed?
AOnly the business-attributable part
BThe whole amount of input tax
CNo credit is allowed at all
DA fixed half of the input tax
Answer & Solution
Correct answer: A. Only the business-attributable part
Section 17(1) restricts credit to so much of the input tax as is attributable to the purposes of business.
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