Easy Office
LCI Learning

Marginal scheme on second hand goods

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 May 2018 HI,

I AM DEALING IN BUYING & SELLING OF OLD MOBILE PHONES, I AM BUYING OLD MOBILES FROM CUSTOMER & FROM A COMPANY WHO IS GST REGISTER DEALER, NOW THE COMPANY FORCES ME TO TAKE GST & TOLD ME SOMETHING ABOUT MARGINAL SCHEME IN GST THAT I ONLY NEED TO PAY GST ON MARGIN

QUERY:
1. WHETHER THAT SCHEME APPLICABLE ON SECOND HAND MOBILES?
2. DO I HAVE TO RAISE INVOICE (PURCHASE & SALE )PROPERLY?
3. I AM PAYING COMMISSION TO THE COMPANY & THE COMPANY CHARGING GST ON IT, WILL THAT GST REVERSE BACK TO ME?

I SHALL BE HIGHLY THANKFUL IF YOU CLEAR MY DOUBTS

23 May 2018 Please refer: https://taxguru.in/goods-and-service-tax/gst-margin-scheme.html



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query