if second hand goods dealer sold goods under margin scheme rule 32(5), then:
1. how to reporting in GSTR 1/ GSTR 3B
(B2B SALE, B2C SALE, HSN)
2. which document will be issued- tax invoice/bill of supply
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Margin scheme under rule 32(5)
Replies (1)
If you are a second-hand goods dealer using the Margin Scheme (Rule 32(5)):
-
Issue a Bill of Supply (do not charge GST on the invoice).
-
In GSTR-1, report the transaction as an exempt/non-GST supply and include the HSN summary.
-
In GSTR-3B, report the sale value under the Exempt/Non-GST supply category.
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