Apportionment, Rules 42 and 43
Where a business makes both taxable and exempt supplies, or uses inputs partly outside the business, credit is split by formula every month and trued up once a year, and the true-up carries interest from 1 April whether or not anybody remembered to do it.
- 6 pages
- 170
- Word and PDF
- 13 September 2026
The 3 formats inside
- 1Monthly working under Rule 42, apportionment of credit on inputs and input servicess.17(1) · s.17(2) · Rule 42(1)On its own₹149
- 2Monthly working under Rule 43, apportionment of credit on capital goodss.17(1) · s.17(2) · Rule 43(1)On its own₹149
- 3Annual true-up statement under Rules 42 and 43Rule 42(2) · s.50(1) · s.16(4)On its own₹149
Read the opening
The first part of “Monthly working under Rule 42, apportionment of credit on inputs and input services”, as it downloads. Blanks are highlighted.
Working paper — to be filed with the GSTR-3B working for the month
Name of the taxpayer: [____] · GSTIN: [Taxpayer's GSTIN] · Tax period: [MM-YYYY]
Non-business use applicable (D2): [Non-business use applicable (Yes / No)] · Basis: [state the non-business activity identified, or “no non-business use — see annual determination dated ____”]