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Capital Goods(p&m) sale in gstr9

02 July 2019

Morning sir ,
If we sale any capital goods then how we show that in gstr 9 and how my turnover match as per books vs gst returns

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Amit Mohan Pandey (Practising chartered accountant) (371 Points)
Replied 02 July 2019

if you have purchased capital goods in GST regime then have to show ITC claim in bifercation for capital goods and if you have sold it then you have to reverse ITC claim as per rule 43..calculation of amount to be reverse is as per rule 43... (please check it can be rule 42..correct me if I am wrong)