GST Applicability & Treatment of ITC availed on sale of Fixed Assets/Capital Goods Sale of Capital Goods is one such supply which is generally left out in monthly compliance and sometimes attract heavy GST liability at the time of annual audits. This write-up will help you to address this issue in your entity and may add value to your monthly GST compliance.
Source Taxguru
Latest Posts in "India"
- India’s GST Council Endorses Two-Tier Tax Structure for 2025
- GST Reduction on Fruit Drinks Excludes Colas; Prices Remain Unchanged for Carbonated Beverages
- Supreme Court Stays Retrospective GST Penalty, Examines Applicability to Non-Taxable Persons
- India Unveils Simplified GST Rate Structure
- GST 2.0: Key Changes, New Rates, and Business Impact Explained
