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Gst query for second hand vehicle margin scheme

This query is : Resolved 

25 July 2021 Sir,
A second hand vehicles purchase and sales dealer (margin scheme)how to gst tax calculation procedure and maintained records in gst act.

25 July 2021 If the dealer purchases second hand vehicles and sells them then GST will only be applicable on the difference amount provided you don't take ITC on your purchase.
If margin is negative then there is no GST

26 July 2021 Please refer to the link, pdf file for further details: https://www.caclubindia.com/share_files/gst-margin-scheme-in-brief-75009.asp




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