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Common input ITC Rs 90,000; two-thirds relates to taxable supplies, rest exempt. Credit allowed?

ARs 60,000
BRs 30,000
CRs 90,000
DRs 45,000
Answer & Solution
Correct answer: A. Rs 60,000
Credit is restricted to the portion attributable to taxable supplies, which is two-thirds of 90,000, or Rs 60,000.
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