Welcome to your new site! You can edit this page by clicking on the Edit link. For more information about customizing your site check out http://learn.wordpress.com/
Full time practicing Chartered Accountant. Part-time writer. Book worm. Passion to share deep knowledge and understanding of Indian Corporate and Tax Laws.
Section 17: Apportionment of credit and blocked credits Section 17(1) says that where the goods and/or services are used by the registered taxable person partly for the purpose of any business and partly for other purposes, the amount of credit shall be restricted to so much of the input tax as is attributable to the…