ITC eligibility on Capital Goods if sale

If machines purchase in Aug 2017 and no used, even ITC availed full....after 2 years would like to sale on depression amount.. whether any reversal will apply to reverse the ITC as 60 months periods?
Replies (5)
Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications when selling capital goods, even if Input Tax Credit (ITC) was previously availed. It confirms that GST is applicable on the full sale value of the machinery, regardless of whether ITC was claimed or if the machinery was used. No ITC reversal is required; instead, GST will be charged on the entire consideration received from the sale.

On sale of old machinery for a consideration GST always apply irrespective of ITC availed or not, no ITC reversal required rather for forwarde charge will apply on margin on sale of machinery over and above wdv as on date.
GST applicable for the sale of Capital Goods...
Also GST will be chargeable on the sale value, not only on margin...
What about margin money if added at the time of sale?
Marginal scheme not applicable for the said query. You can sale any of the value. Charge GST on the Sale value...
My mistake, Mr. Raja is correct gst is applicable on full sale consideration of old machinery.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details