https://www.taxtmi.com/forum/issue?id=114183 Whether GST applies on resale of capital goods originally used for exempt supplies without availing input credit, noting that tax liability on resale is the higher of tax on transaction value or tax computed after applying a prescribed reduction to the original tax; a reduced portion of the original tax may be taken as input if the conditions and temporal window for input recognition are met, while invoice-age restrictions and written down value accounting can prevent recoupment, and certain vehicle resale provisions treat sales above book value differently. en-us Wed, 26 Sep 2018 12:27:44 +0530 Thu, 23 Jan 2025 15:55:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114183 Whether GST applies on resale of capital goods originally used for exempt supplies without availing input credit, noting that tax liability on resale is the higher of tax on transaction value or tax computed after applying a prescribed reduction to the original tax; a reduced portion of the original tax may be taken as input if the conditions and temporal window for input recognition are met, while invoice-age restrictions and written down value accounting can prevent recoupment, and certain vehicle resale provisions treat sales above book value differently. Discussion-Forum GST Wed, 26 Sep 2018 12:27:44 +0530 https://www.taxtmi.com/forum/issue?id=114183