https://www.taxtmi.com/forum/issue?id=119267 Sales of non-functional laptops that can only be disposed of as scrap should be classified and taxed as e waste under the Chapter 85 notification (serial no. 371 A); where the transaction is disposal of a used asset, input tax credit reversal must be determined by applying the ITC reversal provision together with the relevant rule to give effect to the "whichever is higher" criterion, and any higher tax impact must be accounted for. en-us Thu, 22 Aug 2024 17:24:19 +0530 Fri, 24 Jan 2025 10:40:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119267 Sales of non-functional laptops that can only be disposed of as scrap should be classified and taxed as e waste under the Chapter 85 notification (serial no. 371 A); where the transaction is disposal of a used asset, input tax credit reversal must be determined by applying the ITC reversal provision together with the relevant rule to give effect to the "whichever is higher" criterion, and any higher tax impact must be accounted for. Discussion-Forum GST Thu, 22 Aug 2024 17:24:19 +0530 https://www.taxtmi.com/forum/issue?id=119267