Eye Share: Sale of Capital Goods under GST regime

Oct 24,2019

The tax implications on sale of capital goods is one of the most baffling subjects since the introduction of GST. Another challenge is regarding the value on which GST is to be paid keeping in mind the ‘margin scheme’ for valuation of capital goods.Mr. Nitin Goel (Chartered Accountant) attempts to analyse the GST implications in case of different situations i.e. (i) capital goods bought under the erstwhile indirect taxes regime, (ii) capital goods lost, stolen, ...

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