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Amended upto (Year) ⇨  
CGST RULES
[Amended upto 2025]

CHAPTER V  -  INPUT TAX CREDIT

TaxGPT

Summarize Rule 42 by TaxGPT in
  AA   |   Print

Rule 42 - Manner of determination of input tax credit in respect of inputs or input services and reversal thereof.

42. (1) The input tax credit in respect of inputs or input services, which attract the provisions of sub-section (1) or sub-section (2) of section 17, being partly used for the purposes of business and partly for other purposes, or partly used for effecting taxable supplies including zero rated supplies and partly for effecting exempt supplies, shall be attributed to the purposes of busine


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