https://www.taxtmi.com/forum/issue?id=119906 An ITC reversal is required when a capital good purchased with ITC is sold before its five year useful life. Compute reversal by counting quarters of use and applying the prescribed per quarter percentage to the original ITC; remaining quarters determine the reversal proportion. Report the reversal in GSTR 3B Table 4(B)(2) as "Others" and disclose the sale without tax in GSTR 1 Table 8 as an exempt outward supply. en-us Wed, 23 Apr 2025 17:03:16 +0530 Wed, 23 Apr 2025 19:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119906 An ITC reversal is required when a capital good purchased with ITC is sold before its five year useful life. Compute reversal by counting quarters of use and applying the prescribed per quarter percentage to the original ITC; remaining quarters determine the reversal proportion. Report the reversal in GSTR 3B Table 4(B)(2) as "Others" and disclose the sale without tax in GSTR 1 Table 8 as an exempt outward supply. Discussion-Forum GST Wed, 23 Apr 2025 17:03:16 +0530 https://www.taxtmi.com/forum/issue?id=119906