https://www.taxtmi.com/forum/issue?id=120812 Valuation for dealers in second hand goods without input tax credit is the difference between selling and purchase price, negative results ignored. For goods repossessed from an unregistered defaulting borrower, the purchase value is deemed to be the borrower's original purchase price reduced by a fixed percentage for each quarter or part between purchase and disposal. Forum replies note valuation may reference outstanding loan/book value, prescribe applying the periodic reduction to original price, and adjust for whether the original buyer availed input tax credit. en-us Sat, 14 Mar 2026 11:55:06 +0530 Wed, 18 Mar 2026 04:34:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120812 Valuation for dealers in second hand goods without input tax credit is the difference between selling and purchase price, negative results ignored. For goods repossessed from an unregistered defaulting borrower, the purchase value is deemed to be the borrower's original purchase price reduced by a fixed percentage for each quarter or part between purchase and disposal. Forum replies note valuation may reference outstanding loan/book value, prescribe applying the periodic reduction to original price, and adjust for whether the original buyer availed input tax credit. Discussion-Forum GST Sat, 14 Mar 2026 11:55:06 +0530 https://www.taxtmi.com/forum/issue?id=120812