Menu
Marginal scheme
Plaese tell me if a dealer in second hand goods purahcse second hand bike from customer for rs 1 lac nd did some work for rs 5000 nd then sells that bike at 110000 then according to marginal scheme at what amount should gst be paid?
Replies (6)
/articles/gst-taxation-on-second-hand-goods-marginal-scheme-30420.asp
Marginal scheme. Benefit to only for sale as it, recondition not allowed
recondition is allowed subject to the limitation that it dp not change the nature of goods..
installing brakes nd lights to the second hand bike do not have change the nature of bike..that remains bike.
I am asking about what should be the treatment to the parts installed while selling the second hand bike..
nothing it's just added with your purchase cost
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
