Metro Dairy Ltd ., In re
Date: September 23, 2019
Subject Matter
Computation of admissible amount of the ITC on the capital goods used for both taxable and exempt supplies is to be done based on Rule 43
Summary
The Applicant has set up a manufacturing facility for UHT milk, milkshake, curd and lassi. Some of the goods are taxable, and others exempted under the GST Act. Commercial production of UHT milk has been going on since December 2018. Manufacture of o…
1.1 The Applicant has set up a manufacturing facility for UHT milk, milkshake, curd and lassi. Some of the goods are taxable, and others exempted under the GST Act. Commercial production of UHT milk has been going on since December 2018. Manufacture of other products is likely to begin soon. The Applicant has procured capital goods and input services that are common to the production of both taxab…