Margin Valuation scheme

[Asked by Guest]

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?

[Atul Rathod]

Yes, assuming supplier is registered person. However, supplier of second-hand goods shall not take the ITC.

AI Summary

Tax invoice issuance permitted under margin scheme to registered suppliers; supplier of second-hand goods cannot claim Input Tax Credit.
A registered supplier may issue a tax invoice for supplies of second hand goods under the margin scheme to a registered recipient, provided the issuer is itself registered. Supplies of second hand goods under the margin scheme are subject to a bar on claiming Input Tax Credit by the supplier.