Скачать или смотреть GST Ka Game – Ek Machine Ki Kahani | ITC Reversal on Capital Goods under GST | gstguy

🔥 GST Ka Game – Ek Machine Ki Kahani 🔧💸

When a person claims input tax credit (ITC) on capital goods (like machinery), and later sells or disposes of those goods, they need to reverse the ITC.

Specifically:
• You must pay GST on the higher of the following two amounts:
1. Input tax credit reduced by 5% per quarter (from the date of purchase till disposal), or
2. GST on the transaction value (sale price)

This ensures that if you’ve claimed a big chunk of ITC earlier, the government gets compensated fairly when you dispose of that asset.

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Disclaimer This video is only for informational purposes.

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