Lumpsale of Capital Goods

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....umpsale of Capital Goods<br> Query (Issue) Started By: - Bhupesh Dand Dated:- 1-5-2019 Last Reply Date:- 2-5-2019 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Dear Sir, What is the GST Imp....

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....act on Lumpsum sale of Capital goods ? Ratof GST and also if ITC was availed and where in ITC was not availed ? Regards, Bhupesh Reply By KASTURI SETHI: The Reply: If ITC has been taken: The as....

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....sessee shall pay the amount equal to ITC taken as reduced by 5% point as per Rule 40(2) of CGST Rules or on transaction value determined under Section 15 of capital goods, whichever is higher. Treatin....

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....g normal life as 5 years. If ITC not taken, GST will be paid at transactional value. Reply By Ganeshan Kalyani: The Reply: Do you mean &#39;Slump sale&#39; ? Reply By Bhupesh Dand: The Reply: Yes....

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.... sir it is slump sale Reply By Bhupesh Dand: The Reply: Sir, Would the rate of GST Charged be @18% Regards, Bhupesh Reply By KASTURI SETHI: The Reply: &#39;Slump sale&#39; has been discussed in....

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.... detail in the decision of AAR, Maharashtra which is given below :- 2019 (20) G.S.T.L. 679 (A.A.R. - GST) = 2018 (12) TMI 767 - AUTHORITY FOR ADVANCE RULING, MAHARASHTRA IN RE : MERCK LIFE SCIENCE PR....

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