Export Promotion Capital Goods Scheme (EPCG Scheme) EPCG scheme facilitates the imports of capital goods to produce goods and services by manufacturers. Under this scheme, exporters can partner with a manufacturer and import the required capital goods to produce export goods at 0% duty. This schem...
As we are not showing it as supply, there will be no implication of GST (i.e. GST will not be charged)Further, Sec 17(5)(h) states, the ITC claimed will be blocked and reversed, if Goods are: -Lost, Stolen, Destroyed, Written Off, Disposed off by way of Gift or Free Samples,...
Goods & Service Tax. 5 The Sale. 5 The Lease. 5 Place of supply. 6 Disposal of Capital Asset 6 Example of GST Calculations on Sale and Leasebacks. 6 Sale of Asset 7 Leasing of asset 7 Accounting of Sale and leasebacks. 7 Criteria for Sale. 8 Transfer of asset does not qualify ...