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HOW DO I CALCULATE THE AMOUNT OF INPUT TAX WHICH I CAN CLAIM AS A CREDIT IF I AM A MANUFACTURER AND MAKE SALE OF TAXABLE GOODS AND SALE OF EXEMPT GOODS BY USING COMMON INPUTS?

CALCULATE claim credit input manufacturer sale tax taxable
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HOW DO I CALCULATE THE AMOUNT OF INPUT TAX WHICH I CAN CLAIM AS A CREDIT IF I AM A MANUFACTURER AND MAKE SALE OF TAXABLE GOODS AND SALE OF EXEMPT GOODS BY USING COMMON INPUTS?

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If you are a manufacturer and use common inputs for making taxable sales and exempt sales in a tax period, the amount, which can be claimed as input tax credit for the purchases of the goods at each tax rate shall be calculated by the formula

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