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GST on second hand Goods- Margin Scheme- Taxwink

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Preeti Agarwal
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GST on second hand Goods- Margin Scheme- Taxwink

After the introduction of GST, one of the most complicated issues before the authorities was “Tax implication on sale of used or second-hand goods”. The Government took note of the issue timely and brought necessary changes in GST laws by simplifying the provisions related to second-hand goods. The Government introduced a “Margin Scheme” under GST for those taxpayers who are dealing in second-hand(GST on second-hand Goods) or used goods.

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Preeti Agarwal