GST Notice on Capital Goods ITC? Rule 43 Explained Clearly Rule 43 of the CGST Rules deals with Input Tax Credit on capital goods such as machinery, equipment, plant, or other fixed assets. This rule becomes applicable when the same capital goods are used for both taxable supplies and exempt supplies. In such cases, the law does not allow full and immediate use of input tax credit, but it also does not ask for full reversal. Instead, Rule 43 provides a fair and systematic method to adjust ITC ov

Sometimes you've got to know when to call it a day, right? | E4