Controversies on liability of GST on Supply of Capital Goods
- Blog|News|GST & Customs|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 8 September, 2021
Latest from Taxmann
Shrikant M. Shaligram – [2021] 130 taxmann.com 89 (Article)
Section 18(6) of CGST Act, 2017 mandates reversal of ITC on supply of capital goods or plant and machinery. The controversy is not really about payment u/s 18(6), but the controversy is as to whether this person should also pay GST under Section 9 on value of supply of machinery.
In this article, the author has discussed provision of Section 18(6) and analysed the interdependency of Section 18(6) & Section 9(1) along with other related issues of ITC of capital goods and plant & machinery.
Click Here to Read the Full Article
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
