Margin scheme rule 32(5)

373 views 1 replies
If margin scheme is opted by the second hand goods dealer mr. A, he is registered under GST in Maharashtra, he also have branch in Karnataka, then while interstate stock transfer of second hand goods from Maharashtra to Karnataka, then for this also margin scheme is applicable? Or such second hand goods dealer can issue normal tax Invoice for stock transfer and claim itc on such second goods transfer?, then for stock transfer which value is considered as taxable value? It is same as purchase cost of such second hand goods?
Replies (1)
Tax Invoice has to be issued for Inter State branch transfer. Value shall be open market value.
Go through GST rule 28.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details