capital good damaged after fire in factory.
that asset was purchased two year before at rupees 200000 plus 36000 GST. ITC taken in the books.
value of capital goods is assessed after damage of capital good is 60000.
whether ITC on capital goods will be reversed.
please resolve the issue.
Menu
Reversal of ITC on capital goods
Replies (1)
Yes if you sale the capital goods rule 43 calculation
Recent Topics :
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
Related Topics :
CAclubindia
