A Registered person is providing services to Companies for pick and drop facility for their employees , charging GST under forward charge and few companies are paying under RCM. Now RP
wants to sale old vehicle, purchased in 2015, whether Gst is applicable on full value or difference of sale value- WDV .
Please refer to the below provisions:
As per Section 18(6) of CGST Act,
“In case of supply of capital goods or plant and machinery, on which input tax credit has been taken, the registered person shall pay an amount equal to the input tax credit taken on the said capital goods or plant and machinery reduced by such percentage points as may be prescribed or the tax on the transaction value of such capital goods or plant and machinery determined under section 15, whichever is higher:
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