https://www.taxtmi.com/article/detailed?id=8475 Margin scheme under GST allows registered dealers in second hand goods to pay tax on the margin (selling price minus purchase price) where no input tax credit was claimed; repairs and refurbishing add to the margin, repossessed goods have a deemed purchase valuation adjusted for holding period, sellers under the scheme should not issue taxable invoices and purchasers cannot claim input tax credit, and the scheme applies to inter State supplies by applying central valuation rules to IGST. en-us Thu, 25 Apr 2019 06:17:18 +0530 Thu, 25 Apr 2019 06:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8475 Margin scheme under GST allows registered dealers in second hand goods to pay tax on the margin (selling price minus purchase price) where no input tax credit was claimed; repairs and refurbishing add to the margin, repossessed goods have a deemed purchase valuation adjusted for holding period, sellers under the scheme should not issue taxable invoices and purchasers cannot claim input tax credit, and the scheme applies to inter State supplies by applying central valuation rules to IGST. Articles Goods and Services Tax - GST Thu, 25 Apr 2019 06:17:18 +0530 https://www.taxtmi.com/article/detailed?id=8475