Stock used in business

This discussion clarifies the GST treatment when a laptop, initially part of a dealer's stock, is transferred to an accountant for business record-keeping. It's considered a permanent transfer of business assets, subject to Rule 44 of CGST Rules 2017. If Input Tax Credit (ITC) was claimed on the laptop, no reversal is needed as it's moving from stock-in-trade to a capital asset, allowing 100% ITC claim in the purchase year.