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Capital goods sold before 5 years in GST


31 May 2022 if capital goods sold on or before 5 years then , whether GST input availed should be reversed in proportionate rate. if
capital Goods purchased on 1st April 2020
Capital Goods A/c Dr 10,00,000
CGST Input A/c Dr. 90,000
SGST Input A/c Dr. 90,000
To creditors 11,80,000
if capital Goods sold on 1st May 2022 then what entry should be passed.

01 June 2022 DEBTORS. DR LOSS ON SALE OF CG. DR TO CAPITAL GOODS TO CGST TO SGST TO PROFIT IN SALE OF CG.


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