Controversies on liability of GST on Supply of Capital Goods
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- Last Updated on 8 September, 2021
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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.
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