new business open time capital goods (A/C) input taken . 98000 ,8820,8820 =115640 (10 month old purchase)
now going to close the business how to calculate gst on capital goods
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Gst paid on capital goods
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As per Rule 44(6) of CGST Rules, 2017
Capital goods have been in use for 10 months
The useful life remaining in months= 50 months
ITC For Remaining life 115640*50/60=96367
GST on sale if its sold ===========......
Whichever is higher has to be paid
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