Life of Capital asset 5% Per Quarter or 60 Months - Analysis of Rule 40(2) & Rule 44(6) of CGST Rule 2017

CA Arun Chhajer , Last updated: 28 January 2021 Share Follow on Google News

This is case of sale of capital goods on which ITC has been claimed earlier, So Sec 18(6) will be applied. Sec 18(6) 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

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About the Author

CA Arun Chhajer

GST Faculty @ Ministry of MSME Govt of India

I am a Chartered Accountant and Company Secretary. I have worked 9 years with various corporate including TCS, ICICIBank,Parekh Group,DK India andSoma Isolux, etc and now started CA practiceat Delhi since 2017. I am a GST Faculty / Trainer withMinistry of MSME PPDC, Govt of India and also SGST Officer trainer with v ... Read more

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