https://www.taxtmi.com/forum/issue?id=116796 The issue concerns whether Notification No.8/2018 CT(Rate) (margin scheme) applies to sales of used motor vehicles sold at written down value plus margin. Replies state the notification is applicable, tax is payable on the transaction consideration with the margin affecting valuation, and if the selling price is below WDV no tax is payable; the responses do not address recipient input tax credit entitlement. en-us Thu, 15 Oct 2020 23:53:07 +0530 Thu, 23 Jan 2025 15:54:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116796 The issue concerns whether Notification No.8/2018 CT(Rate) (margin scheme) applies to sales of used motor vehicles sold at written down value plus margin. Replies state the notification is applicable, tax is payable on the transaction consideration with the margin affecting valuation, and if the selling price is below WDV no tax is payable; the responses do not address recipient input tax credit entitlement. Discussion-Forum GST Thu, 15 Oct 2020 23:53:07 +0530 https://www.taxtmi.com/forum/issue?id=116796