20 December 2019
1. in case of reversed of itc on sale of fixed assets i purchased it in igst but sale in local as CGST & SGST Now what to reversed CGST & SGST or IGST. 2. I purchased as on 10/4/18 & sale as on 11/11/2019 so i calculate reversal as input on purchase*13/20 is its correct. 3. I need to reversed as per point no. 2 and paid tax on sale both or only one which is higher and how to show this in GSTR 3B.
20 December 2019
1. Tax on transaction amount OR ITC availed reduced by 5% per quarter whichever is higher need to pay /reverse as the case may be. If TOTAL GST as per sale ie CGST & SGST , ITC availed reduced by 5% per quarter is higher then IGST.
CAclubindia
