Home Forum Goods and Services Tax - GST Month 6 2022 2022 (6) This
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reversal on account of sale of asset - Goods and Services Tax - GSTExtract The taxpayer purchased Crane on which ITC (IGST) was availed on 25.08.2020 for 1.94 Lac. Now the same crane has being sold with in state on 22.06.2022 for Rs. 5.10 Lac where CGST-45900 and SGST-45900 is payable. The input (IGST) reversal 1.23 Lac (1.94*38/60) is due as per Rule 44(6) . You are requested to advise how IGST reversal of input can be made when there is CGST and SGST payable on sale within state. Because higher of ITC reversal and tax payable is to be paid but here components of tax are different
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