Goods and Services Tax – Started By: – Shubham Porwal – Dated:- 28-5-2018 Last Replied Date:- 1-6-2018 – Hello everyone… I am new user here …please help me …! If one purchased furniture for rs 1lac and gst 28,000 total 1,28,000 and sold it just after 2years… what shall be the impact on itc …will it be claimable upto rs 28,000 or any proportionate reduction should be made …..? Please reply….! Thanks Shubham – Reply By Alkesh Jani – The Reply = Sir,If purchased furniture is booked as capital goods in your books of Account, than 5 point per quarter is to be reduced.If not booked as capital goods, then it is normal supply.Our experts may correct me if mistaken.Thanks – Reply By Shubham Porwal – The Reply = Sir The asset is used f
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