Exemption for second hand goods dealers under margin scheme exempts State tax on intra State purchases from unregistered suppliers. Exemption applies to intra State supplies of second hand goods received by a registered second hand goods dealer who pays State tax under the margin scheme based on the value of outward supply as determined under the relevant rule, where such goods are supplied by an unregistered person, relieving the dealer from the whole of the State tax leviable under the Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption for second hand goods dealers under margin scheme exempts State tax on intra State purchases from unregistered suppliers.
Exemption applies to intra State supplies of second hand goods received by a registered second hand goods dealer who pays State tax under the margin scheme based on the value of outward supply as determined under the relevant rule, where such goods are supplied by an unregistered person, relieving the dealer from the whole of the State tax leviable under the Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
