Descent of line bundles to GIT quotients of flag varieties by maximal torus

Let L be a homogeneous ample line bundle on any flag variety G/P and let T be a maximal torus of G. We prove a general necessary and sufficient condition for L to descend as a line bundle on the GIT quotient of G/P by T. We use this result to explicitly determine exactly which L descend to the GIT quotient for any simple complex algebraic group G and any parabolic subgroup P.