I am trading the waste paper and waste corrugated boxes to recycling factory
my question is
1. Do I come under margin scheme as I am trading the second hand goods only without any processing (purchase from unregistered dealer)
2. If yes then how to avail this scheme
I use to trade by keeping my margin 3-4% from factory rate
3. How to calculate this
4. Is there any terms and condition on sale (intra state or inter state)
please help on this
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Query on margin scheme
Replies (4)
I am hearing it first time...what is margin scheme? do you mean composition scheme?
margin scheme declared by govt for second hand goods scrap
tax will be calculated on profit margin
this is what I know
tax will be calculated on profit margin
this is what I know
Watch the video for you query
https://youtu.be/mjpU03b58Fk
If tbe sale is inter state you have to charge igst otherwise CGST & SGST
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