https://www.taxtmi.com/forum/issue?id=117858 Section 18(6) requires payment on supply of capital goods equal to ITC taken reduced by prescribed percentage points over time or the tax on the transaction value, whichever is higher. Rule 40(2) sets the time based reduction method and Rule 44(6) prescribes determination of the ITC component and mandates that where that amount exceeds tax on transaction value it be included in output tax liability and reported. Forum commentary records disagreement whether both forward tax and the special computation apply or only the higher calculation must be paid; conservative practice is to pay the higher amount and treat that as satisfying any reversal concern. en-us Tue, 15 Mar 2022 17:01:34 +0530 Thu, 23 Jan 2025 15:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117858 Section 18(6) requires payment on supply of capital goods equal to ITC taken reduced by prescribed percentage points over time or the tax on the transaction value, whichever is higher. Rule 40(2) sets the time based reduction method and Rule 44(6) prescribes determination of the ITC component and mandates that where that amount exceeds tax on transaction value it be included in output tax liability and reported. Forum commentary records disagreement whether both forward tax and the special computation apply or only the higher calculation must be paid; conservative practice is to pay the higher amount and treat that as satisfying any reversal concern. Discussion-Forum GST Tue, 15 Mar 2022 17:01:34 +0530 https://www.taxtmi.com/forum/issue?id=117858