ITC reversal for Second hand plant and machinery purchased

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..... ITC reversal for Second hand plant and machinery purchased
Query (Issue) Started By: - Ramanathan Seshan Dated:- 10-3-2025 Goods and Services Tax - GST
GST
Dear Experts, Hope this message f .....

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..... inds you well. I am seeking clarification regarding the application of 18(6) in the context of a transaction between Company A and Company B. Here's the scenario: Company A purchases machinery from .....

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..... Company B and which had been used by Company B for three years. At the time of sale, Company B reversed the Input Tax Credit (ITC) since it had availed it during the time of purchasing the machinery. .....

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..... After Company A purchased the machinery, it availed and utilized the ITC. Subsequently sold the asset after two years at a 5% margin on the book value as of the date of sale. With reference to the .....

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..... above, I would like to understand the following: a) Would the 18(6) reversal be applicable in this case? Best Regards, S Ram
Discussion Forum - Knowledge Sharing .....

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