https://www.taxtmi.com/caselaws?id=768310 AAR held that the applicant may adopt Rule 32(5) CGST margin valuation for its new business of second-hand goods while continuing normal valuation for its existing business. The applicant may also apply Rule 32(5) only for purchases from unregistered dealers and follow regular valuation with ITC for purchases from registered dealers. For margin computation, "purchase price" excludes repair/improvement costs, and ITC on such repair/improvement is not permissible when Rule 32(5) is adopted. AAR declined to rule on e-way bill and e-invoicing issues as beyond its jurisdiction. No GST is payable under RCM on intra-state purchases of second-hand goods from unregistered dealers. en-us Fri, 21 Mar 2025 00:00:00 +0530 Fri, 21 Nov 2025 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768310 AAR held that the applicant may adopt Rule 32(5) CGST margin valuation for its new business of second-hand goods while continuing normal valuation for its existing business. The applicant may also apply Rule 32(5) only for purchases from unregistered dealers and follow regular valuation with ITC for purchases from registered dealers. For margin computation, "purchase price" excludes repair/improvement costs, and ITC on such repair/improvement is not permissible when Rule 32(5) is adopted. AAR declined to rule on e-way bill and e-invoicing issues as beyond its jurisdiction. No GST is payable under RCM on intra-state purchases of second-hand goods from unregistered dealers. Case-Laws GST Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768310