Gst on capital assets of gst exempted business

KAUSHAL (123) (67 Points)

20 August 2018  

Dear all,

i am having business whoes turnover is totally exempt. Now i want to buy a new capital asset and want to  sell old capital asset.

my question is can i set off the input of new capital asset against output liabilty on selling of old asset. Whether i will get input all in once or in installment.

pls note-- my turnover is totally exempt.