Margin scheme limit on turnover

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17 Points Posted on 04 May 2023
Hi,

Mr. A is a car dealer

Is there any limit on turnover of margin scheme?


How is turnover calculated in gst margin scheme?
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On 04 May 2023 at 19:32 Report
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Quick Summary
This discussion clarifies that there is no specific turnover limit for using the GST margin scheme. Turnover for the margin scheme is calculated based on the sale value of goods. While GST is paid on the profit margin (sale value minus purchase value), the aggregate turnover calculation for GST purposes still considers the full sale value.

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Practicing in GST and MSME
1985 Points Posted on 04 May 2023
No turnover limit.
sale value - purchase value
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On 04 May 2023 at 23:09
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GST Practitioner
55067 Points Posted on 05 May 2023
There is no limit .
Turnover is computed as per sale value .

Note : It's an option provided to pay GST on margin value. so to compute aggregate turnover sale value to be considered.

For more detail refer:
https://youtu.be/fg7V_dFWm98
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On 05 May 2023 at 09:14

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