Specialized in Indirect Taxes
6831 Points
Joined November 2014
In respect of second hand goods, a person dealing is such goods may be allowed to pay tax on the margin i.e. the difference
between the value at which the goods are supplied and the price at which the goods are purchased. If there is no margin, no GST is
charged for such supply.
If margin scheme is opted for a transaction of second hand goods, the person selling shall not issue any taxable invoice
and the purchaser shall not claim any ITC.