TMI BlogLumpsale of Capital GoodsX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, What is the GST Impact on Lumpsum sale of Capital goods ? Ratof GST and also if ITC was availed and where in ITC was not availed ? Regards, Bhupesh - Reply By KASTURI SETHI - The Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... = If ITC has been taken: The assessee shall pay the amount equal to ITC taken as reduced by 5% point as per Rule 40(2) of CGST Rules or on transaction value determined under Section 15 of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... capital goods, whichever is higher. Treating normal life as 5 years. If ITC not taken, GST will be paid at transactional value. - Reply By Ganeshan Kalyani - The Reply = Do you mean 'Slum ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... p sale' ? - Reply By Bhupesh Dand - The Reply = Yes sir it is slump sale - Reply By Bhupesh Dand - The Reply = Sir, Would the rate of GST Charged be @18% Regards, Bhupesh - Reply By KASTUR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I SETHI - The Reply = 'Slump sale' has been discussed in detail in the decision of AAR, Maharashtra which is given below :- 2019 (20) G.S.T.L. 679 (A.A.R. - GST) = 2018 (12) TMI 767 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AUTHORITY FOR ADVANCE RULING, MAHARASHTRA IN RE : MERCK LIFE SCIENCE PRIVATE LIMITED - Lumpsale of Capital Goods - Query Started By: - Bhupesh Dand Dated:- 1-5-2019 Goods and Services Tax - G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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