https://www.taxtmi.com/forum/issue?id=113858 Dispute concerns which method governs reversal of input tax credit when capital goods are sold under section 18(6): Rule 40(2) prescribes reduction of credit by five percentage points per quarter from invoice date, while Rule 44(1)(b) and subrule (6) set a pro rata computation based on a sixty month useful life and appear to apply that method to section 18(6), creating an inconsistency as to whether the quarterly depreciation method or the sixty month pro rata method controls. en-us Wed, 13 Jun 2018 16:48:43 +0530 Thu, 23 Jan 2025 15:55:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113858 Dispute concerns which method governs reversal of input tax credit when capital goods are sold under section 18(6): Rule 40(2) prescribes reduction of credit by five percentage points per quarter from invoice date, while Rule 44(1)(b) and subrule (6) set a pro rata computation based on a sixty month useful life and appear to apply that method to section 18(6), creating an inconsistency as to whether the quarterly depreciation method or the sixty month pro rata method controls. Discussion-Forum GST Wed, 13 Jun 2018 16:48:43 +0530 https://www.taxtmi.com/forum/issue?id=113858