Home Forum Goods and Services Tax - GST Month 4 2021 2021 (4) This
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Branch Trf of Capital Goods viz a viz Rule 43 - Goods and Services Tax - GSTExtract Dear Experts, Background : Co manufactures 100% nil rated products. Therefore all the ITC on Input+Input Service+CG is reversed under rule 42 + 43 .Co has multiple registrations in different State and HO in Maharashtra. Facts: Capital Goods were purchased in April-2018. ITC was claimed in return and blocked in Rule 43 . Since ITC is blocked - Depreciation is claimed in books. Now in April 2021 we want to trf this machinery to other state say Karnataka. Issue: Whether I need to again pay IGST on the Capital Goods while sending them from MH to KR? If yes - can I re-avail the ITC already reversed ? If No - how to proceed further with this option - Could you pl help me some supporting provisions for the same.
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