GST Payable on Sale of Capital Goods under CGST Act: Section 18(6) viz-a-viz Rule 40(2) and Rule 44(6)

CA. Bhavik P. Chudasama , Last updated: 09 May 2024  
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The Goods and Services Tax (GST) regime allows businesses to claim Input Tax Credit (ITC) on purchases used for taxable supplies. However, there are situations where previously claimed ITC needs to be reversed. One such scenario arises when a business sells capital goods (machinery, equipment etc.)

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CA. Bhavik P. Chudasama
(Practice)
Category GST   Report

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