https://www.taxtmi.com/forum/issue?id=115238 For second hand goods supplied under the margin scheme (rule 32(5)), the GST turnover for GSTR 9C should reflect the taxable value computed as the difference between selling and purchase price where purchase invoices from individuals are absent; GST turnover differs from income tax sales and therefore a reconciliation schedule should be prepared to reconcile full sales declared for income tax with outward supplies declared for GST. en-us Thu, 25 Jul 2019 20:44:20 +0530 Thu, 23 Jan 2025 15:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115238 For second hand goods supplied under the margin scheme (rule 32(5)), the GST turnover for GSTR 9C should reflect the taxable value computed as the difference between selling and purchase price where purchase invoices from individuals are absent; GST turnover differs from income tax sales and therefore a reconciliation schedule should be prepared to reconcile full sales declared for income tax with outward supplies declared for GST. Discussion-Forum GST Thu, 25 Jul 2019 20:44:20 +0530 https://www.taxtmi.com/forum/issue?id=115238