Sale of capital goods
This query is : Resolved
06 October 2017
what will be the treatment of tax on capital goods sold
If that capital Good on which VAT credit availed in past but sale after GST
it that capital goods on which GST not Availed
If that capital Good on which VAT credit availed in past but sale after GST
it that capital goods on which GST not Availed
06 October 2017
Please elaborate your question to reply/
07 October 2017
sir
case 1 :tax treatment on sale of capital gods if ITC (VAT) availing on that capital goods but sale made after implementation of GST if GST shall collected on that or not
Case 2: NO ITC(GST) availed on that the sale is made post GST period
case 1 :tax treatment on sale of capital gods if ITC (VAT) availing on that capital goods but sale made after implementation of GST if GST shall collected on that or not
Case 2: NO ITC(GST) availed on that the sale is made post GST period
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