Gst paid on capital goods
Nishu Kotian (332 Points)
03 August 2020now going to close the business how to calculate gst on capital goods
Nishu Kotian (332 Points)
03 August 2020
Sandeep shetty
(Sr Accountant)
(292 Points)
Replied 04 August 2020
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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