Is there any tax liability on scrapping a capital asset on which input tax credit has been availed? What will be the tax implication on sale of such scrapped machines?
Related Questions
- Is there any tax liability on scrapping a capital asset on which input tax credit has been availed? What will be the tax implication on sale of such scrapped machines?
- Can a dealer whose input tax credit exceeds the output tax payable in tax period or in a year claim refund of the excess credit of input tax?
- How the Input Tax Credit-has to be claimed and availed for Capital Goods?
