VATupdate

Share this post on

GST On Second Hand Goods

As per the GST law, GST is charged on the transaction value of the goods. However, in the case of second-hand goods, a person dealing in such goods is allowed to pay tax on the margin amount. In brief, this margin is the difference between the price at which the goods are supplied and purchased. In this article, we will explain the ‘Margin Scheme’ in GST

Source: mastersindia.co

* click here if you have interesting news to share *