31 May 2022
if capital goods sold on or before 5 years then , whether GST input availed should be reversed in proportionate rate. if capital Goods purchased on 1st April 2020 Capital Goods A/c Dr 10,00,000 CGST Input A/c Dr. 90,000 SGST Input A/c Dr. 90,000 To creditors 11,80,000 if capital Goods sold on 1st May 2022 then what entry should be passed.
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