https://www.taxtmi.com/forum/issue?id=118586 Where input tax credit has not been availed on a used motor car, GST is chargeable under the margin scheme on the margin computed as sale price less the depreciated value determined under Income Tax depreciation rules; the applicable rate follows the margin-scheme notification. If input tax credit was availed, the margin scheme does not apply and the rules governing taxable value where credit was taken must be followed. Adoption of the margin option was noted to exempt cess on the transaction. en-us Fri, 16 Jun 2023 16:28:35 +0530 Thu, 23 Jan 2025 15:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118586 Where input tax credit has not been availed on a used motor car, GST is chargeable under the margin scheme on the margin computed as sale price less the depreciated value determined under Income Tax depreciation rules; the applicable rate follows the margin-scheme notification. If input tax credit was availed, the margin scheme does not apply and the rules governing taxable value where credit was taken must be followed. Adoption of the margin option was noted to exempt cess on the transaction. Discussion-Forum GST Fri, 16 Jun 2023 16:28:35 +0530 https://www.taxtmi.com/forum/issue?id=118586