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Sale of capital goods

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Student
26 Points Posted on 23 August 2019

Shall ITC be reversed in case of sale of capital goods if they were purchased in Pre GST Regime and ITC also availed?

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On 23 August 2019 at 22:22 Report
Replies (4)
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"Do the Right Thing...!!!"
128147 Points Posted on 23 August 2019
sell with GST
463 Reply
On 23 August 2019 at 22:45
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Assistant Manager
224 Points Posted on 23 August 2019
if you have claimed ITC under tran -1/ tran-2 then you need to reverse otherwise there is no need to reverse ITC
2 Reply
On 23 August 2019 at 23:19
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banglore
1496 Points Posted on 23 August 2019
if you pay GST on sale amount then no reversal of input credit is required
6 Reply
On 23 August 2019 at 23:31
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employee
814 Points Posted on 07 September 2019
if you are selling any capital goods and credit is availed for such goods through Tran1 then you have follow reversal rule 43 and do reversal of ITC.
3 Reply
On 07 September 2019 at 23:34


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