https://www.taxtmi.com/forum/issue?id=117842 A used commercial vehicle modified with a tanker remains a second hand good and qualifies for the margin scheme: taxable value equals the difference between selling and purchase price (plus any added value from repairs/refurbishing), and where this margin is nil or negative no GST is charged. Under the scheme the purchaser cannot claim input tax credit on such purchases and the original unregistered seller does not issue a taxable invoice; notifications grant central tax exemption when tax is paid on the margin. en-us Mon, 07 Mar 2022 16:40:11 +0530 Thu, 23 Jan 2025 15:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117842 A used commercial vehicle modified with a tanker remains a second hand good and qualifies for the margin scheme: taxable value equals the difference between selling and purchase price (plus any added value from repairs/refurbishing), and where this margin is nil or negative no GST is charged. Under the scheme the purchaser cannot claim input tax credit on such purchases and the original unregistered seller does not issue a taxable invoice; notifications grant central tax exemption when tax is paid on the margin. Discussion-Forum GST Mon, 07 Mar 2022 16:40:11 +0530 https://www.taxtmi.com/forum/issue?id=117842