https://www.taxtmi.com/forum/issue?id=117633 When capital goods or plant and machinery on which input tax credit has been taken are sold before the prescribed holding period, the seller must either pay GST on the transaction value or reverse the unavailed portion of input tax credit after applying a prescribed quarterly reduction; the seller is liable to pay the higher of those two amounts. en-us Thu, 11 Nov 2021 13:03:57 +0530 Thu, 23 Jan 2025 15:54:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117633 When capital goods or plant and machinery on which input tax credit has been taken are sold before the prescribed holding period, the seller must either pay GST on the transaction value or reverse the unavailed portion of input tax credit after applying a prescribed quarterly reduction; the seller is liable to pay the higher of those two amounts. Discussion-Forum GST Thu, 11 Nov 2021 13:03:57 +0530 https://www.taxtmi.com/forum/issue?id=117633