https://www.taxtmi.com/forum/issue?id=112970 Under Rule 32(5) of the CGST Rules, 2017, a taxable supply of second hand goods by a dealer who did not claim input tax credit is valued at the difference between selling and purchase prices (with negative margins ignored). The envelope making machine must be classified under the appropriate HSN heading to determine the applicable GST rate; the used nature of the machine does not alter its status as a taxable supply and State uniformity of GST rates applies. en-us Thu, 26 Oct 2017 12:50:13 +0530 Thu, 23 Jan 2025 15:55:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112970 Under Rule 32(5) of the CGST Rules, 2017, a taxable supply of second hand goods by a dealer who did not claim input tax credit is valued at the difference between selling and purchase prices (with negative margins ignored). The envelope making machine must be classified under the appropriate HSN heading to determine the applicable GST rate; the used nature of the machine does not alter its status as a taxable supply and State uniformity of GST rates applies. Discussion-Forum GST Thu, 26 Oct 2017 12:50:13 +0530 https://www.taxtmi.com/forum/issue?id=112970