GST on sale of capital goods: tax depends on ITC status, consideration and five year apportionment rule.
GST applies to transfers of capital goods differently depending on whether ITC was availed and whether consideration is paid: if ITC was availed and supply occurs before five years, tax is the higher of GST on transaction value or ITC attributable to remaining life; if ITC was not availed and supply is for consideration, tax is on the transaction value; transfers without consideration are taxable only when Schedule I treats permanent disposal of business assets with ITC as supply; motor vehicles follow special concessional notifications when no ITC was claimed, otherwise normal apportionment rules apply. (AI Summary)