https://www.taxtmi.com/caselaws?id=429836 Rule 32(5) under the margin scheme limits valuation of second-hand goods to the margin and bars input tax credit only on the purchase of those goods, but it does not create a general prohibition on credit for other business inputs. Input tax credit on rent, advertisement, commission, professional fees and similar input services remains available under Section 16 of the CGST Act, subject to statutory conditions, and the same principle applies to capital goods. The ruling therefore permits credit on eligible input services and capital goods while operating under the margin scheme, provided the CGST law's conditions and restrictions are satisfied. en-us Thu, 27 Oct 2022 00:00:00 +0530 Thu, 10 Apr 2025 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429836 Rule 32(5) under the margin scheme limits valuation of second-hand goods to the margin and bars input tax credit only on the purchase of those goods, but it does not create a general prohibition on credit for other business inputs. Input tax credit on rent, advertisement, commission, professional fees and similar input services remains available under Section 16 of the CGST Act, subject to statutory conditions, and the same principle applies to capital goods. The ruling therefore permits credit on eligible input services and capital goods while operating under the margin scheme, provided the CGST law's conditions and restrictions are satisfied. Case-Laws GST Thu, 27 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429836