What is the tax implication of supply of capital goods by a registered person who had taken ITC on such capital goods?

What is the tax implication of supply of capital goods by a registered person who had taken ITC on such capital goods? https://www.taxtmi.com/acts?id=24497 A registered person supplying capital goods on which Input Tax Credit was taken must pay an amount equal to the ITC reduced by the prescribed percentage point, or tax on the transaction value, whichever is higher; refractory bricks, moulds and dies, jigs and fixtures supplied as scrap may be taxed on transaction value. en-us Mon, 03 Apr 2017 15:32:46 +0530 Mon, 03 Apr 2017 15:32:46 +0530 TaxTMI RSS Generator What is the tax implication of supply of capital goods by a registered person who had taken ITC on such capital goods? https://www.taxtmi.com/acts?id=24497 A registered person supplying capital goods on which Input Tax Credit was taken must pay an amount equal to the ITC reduced by the prescribed percentage point, or tax on the transaction value, whichever is higher; refractory bricks, moulds and dies, jigs and fixtures supplied as scrap may be taxed on transaction value. Act-Rules Bills Mon, 03 Apr 2017 15:32:46 +0530 https://www.taxtmi.com/acts?id=24497