ITC billing on sale of capital goods.

[Gourav Ravi Garg]

I purchased a capital goods (machine) to make exempted good and didn't avail ITC also. Now I wants to sell the machine in scrap. How should I show the billing of the machine? Do I have to pay the GST still?

AI Summary

ITC treatment on sale of capital goods raises questions on billing and GST payable for scrap disposal. ITC treatment is questioned in relation to the sale of capital goods, where a machine was purchased for use in making exempted goods and input tax credit was not availed. The issue is how billing should be shown when the machine is later sold as scrap and whether GST remains payable on that transaction. The discussion is limited to the tax treatment of disposal of capital goods and the billing position on scrap sale.