https://www.taxtmi.com/forum/issue?id=120020 Under the marginal scheme a sale of a company's used car with a negative margin results in no output tax; one compliance approach is to issue a Bill of Supply and disclose the sale as exempt/nil-rated in GSTR-1. An alternative view recorded advises issuing a tax invoice showing zero taxable value (or a minimal nominal value if required by systems) and including the transaction in GSTR-1 as a taxable outward supply with zero tax or as an exempt/nil-rated entry, while ensuring turnover records are maintained. en-us Fri, 16 May 2025 12:28:05 +0530 Sat, 17 May 2025 11:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120020 Under the marginal scheme a sale of a company's used car with a negative margin results in no output tax; one compliance approach is to issue a Bill of Supply and disclose the sale as exempt/nil-rated in GSTR-1. An alternative view recorded advises issuing a tax invoice showing zero taxable value (or a minimal nominal value if required by systems) and including the transaction in GSTR-1 as a taxable outward supply with zero tax or as an exempt/nil-rated entry, while ensuring turnover records are maintained. Discussion-Forum GST Fri, 16 May 2025 12:28:05 +0530 https://www.taxtmi.com/forum/issue?id=120020