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What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person?

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What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person?
posted Dec 7, 2017 by Ati Kumar

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1 Answer

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As per section 16(16) of the MGL, the wrongly availed credit would be recovered from the registered taxable person in terms of section 51 of MGL.

answer Dec 8, 2017 by Prajwal C.m.
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