https://www.taxtmi.com/news?id=18397 The Margin Scheme under GST treats the taxable value for registered dealers of second hand goods as the difference between selling and purchase price where no input tax credit was claimed; negative margins are ignored. The scheme covers goods sold as such or after only minor processing that does not alter their nature, and includes dealers in old and used empty bottles. A central tax exemption for supplies to such registered dealers prevents double taxation when the dealer pays tax on the margin. en-us Sat, 15 Jul 2017 16:23:46 +0530 Sat, 15 Jul 2017 16:23:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18397 The Margin Scheme under GST treats the taxable value for registered dealers of second hand goods as the difference between selling and purchase price where no input tax credit was claimed; negative margins are ignored. The scheme covers goods sold as such or after only minor processing that does not alter their nature, and includes dealers in old and used empty bottles. A central tax exemption for supplies to such registered dealers prevents double taxation when the dealer pays tax on the margin. News - Sat, 15 Jul 2017 16:23:46 +0530 https://www.taxtmi.com/news?id=18397