I have a client who is dealing in second hand laptops it purchases laptops from unregistered individuals and after small modification/repairs sell to individuals/dealers.
If anyone has invoice format for margin scheme dealer please share
and please also guide how to account for gst
GST applicable on Margin value ( sales - purchase ) , for second hand goods , where the input tax credit has not been taken earlier on purchased goods . refer Rule 32(5) of the CGST rules 2017 .
For Invoice format you have to refer Rule 46 of the CGST rules 2017 .
please confirm with others also .
CAclubindia
