Introduction
For the purpose of computation of GST on second hand goods let us divide the second hand goods into 2 parts:-
1. Second hand vehicles
2. Other Second hand goods
Concept of Margin Scheme under GST
In GST law the outward tax is always payable on the Sale Value of goods sold, like in earlier indirect laws. But in GST, there is a concept of Margin scheme under which the registered person is allowed to pay GST on only MARGIN/PROFIT portion. Similarly if there
Daily Limit Reached
You have reached your daily limit of 2 Free Articles
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Community
-
Daily E-Newsletter
-
Unlimited Articles Access
-
Profile Visitors
-
Link Social Profiles
-
Featured Job Posts
-
Pro Badge
-
Expert GST Guidance
-
Unlimited Forum Replies
-
Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member?
Login here
for an ad-free experience.