Margin scheme in GST

By |2018-05-25T09:43:48-05:30September 4th, 2017|Categories: GST|Tags: , , |

Introduction Whenever there is a transaction of supply, you have to pay GST. However, in case of second-hand goods, you have to pay tax on only the margin. Margin Scheme tells us about the difference between the value at which they supply the goods and purchase value. If there is no margin then they will not [...]