Chetan Prasad purchased a machine of value of ₹2,50,000 on which GST at the rate of 18% was charged in invoice dated 03-04-2018. This machine was used by him in manufacturing of exempted supplies. However, the supplies m

Chetan Prasad purchased a machine of value of ₹2,50,000 on which GST at the rate of 18% was charged in invoice dated 03-04-2018. This machine was used by him in manufacturing of exempted supplies. However, the supplies manufactured by him become taxable from 01-11-2019. He claims that he is entitled for ITC on this machine because being used in manufacturing of taxable supplies. Find the amount of ITC available to him if any, relating to this machine as per rule 40(2) of the CGST Rules, 2017.