Margin Valuation scheme

[kumar royal]

Whether the Supplier of goods can issue a tax invoice to a Registered person who is engaged in supply of Second-hand goods under margin scheme?

AI Summary

Registered suppliers can issue tax invoices for second-hand goods under margin scheme, but should not claim ITC. A query was raised regarding whether a supplier of goods can issue a tax invoice to a registered person engaged in the supply of second-hand goods under the margin scheme. The response clarified that a registered supplier can indeed issue such an invoice. However, it was noted that the supplier of second-hand goods should not claim Input Tax Credit (ITC).