Dera All,
one of my client having business of cran service he purchase last year new cran taken full ITC and now he selling the same.
kindly guide me how reversal work in above case.
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ITC Reversal
Replies (1)
GST to be paid based on higher of the following
1. Tax payable on sale value
2. ITC availed minus ITC x no of months used ÷ 60
1. Tax payable on sale value
2. ITC availed minus ITC x no of months used ÷ 60
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