{"id":1226,"date":"2016-09-22T16:59:27","date_gmt":"2016-09-22T11:29:27","guid":{"rendered":""},"modified":"2016-09-22T16:59:27","modified_gmt":"2016-09-22T11:29:27","slug":"what-will-be-the-tax-impact-when-capital-goods-on-which-itc-has-been-taken-are-supplied-by-taxable-person","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=1226","title":{"rendered":"What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person?"},"content":{"rendered":"<p>What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person?<br \/>Question 31<br \/>Bill  <br \/>Input Tax Credit<br \/>FAQ on GST dated 21.9.2016 based on Draft Model GST<br \/>Q 31. What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person?<br \/>\nAns. As per section 16(15) of the MGL, in case of supply of capital goods on which input tax credit has been taken, the registered taxable person shall pay an amount equal to t<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/acts?id=22376\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person?Question 31Bill Input Tax CreditFAQ on GST dated 21.9.2016 based on Draft Model GSTQ 31. What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person? Ans. &hellip; <a href=\"https:\/\/goodsandservicetax.in\/GST\/?p=1226\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1226","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/1226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1226"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/1226\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}