What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person?
Question 33
Bill
Input Tax Credit
Faq On GST (2nd Edition) Dated 31.3.2017
Q 33. What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person?
\nAns. In case of supply of capital goods or plant and machinery on which input tax credit has been taken, the registered person shall pay an amount equal to the input tax credit taken o<\/p>\n
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