https://www.taxtmi.com/forum/issue?id=119266 Sale of a used commercial vehicle with ITC claimed requires ITC reversal under the capital-goods disposal mechanism: compute residual ITC by reducing claimed ITC by prescribed percentage points for every quarter or part thereof since invoice date, and pay the higher of that residual ITC or tax on the transaction value. GST is payable even if sale proceeds are below written down value, and margin-scheme payment is not available where ITC was taken. en-us Wed, 21 Aug 2024 19:23:54 +0530 Wed, 11 Jun 2025 18:11:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119266 Sale of a used commercial vehicle with ITC claimed requires ITC reversal under the capital-goods disposal mechanism: compute residual ITC by reducing claimed ITC by prescribed percentage points for every quarter or part thereof since invoice date, and pay the higher of that residual ITC or tax on the transaction value. GST is payable even if sale proceeds are below written down value, and margin-scheme payment is not available where ITC was taken. Discussion-Forum GST Wed, 21 Aug 2024 19:23:54 +0530 https://www.taxtmi.com/forum/issue?id=119266