https://www.taxtmi.com/forum/issue?id=117454 Claiming input tax credit on GST paid for second hand goods depends on the purchaser's tax treatment at resale: ITC is available if the purchaser pays tax on the full sale value, whereas the margin scheme (charging GST only on margin) may be applied transaction wise for qualifying transactions and is not limited to suppliers exclusively dealing in second hand goods. en-us Fri, 27 Aug 2021 14:46:11 +0530 Thu, 23 Jan 2025 15:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117454 Claiming input tax credit on GST paid for second hand goods depends on the purchaser's tax treatment at resale: ITC is available if the purchaser pays tax on the full sale value, whereas the margin scheme (charging GST only on margin) may be applied transaction wise for qualifying transactions and is not limited to suppliers exclusively dealing in second hand goods. Discussion-Forum GST Fri, 27 Aug 2021 14:46:11 +0530 https://www.taxtmi.com/forum/issue?id=117454