Margin scheme in gst
Manoj Gonarkar (Accountant) (125 Points)
25 February 2022
what is the turnover in income tax if I opted margin scheme in GST? is it margin amount or sale amount?
2 Replies
Ashok kumar
(CA Final)
(587 Points)
Replied 25 February 2022
Turnover is your sale amount, and the GST has to paid on the sale amount, also you can adjust the ITC if any.
Manoj Gonarkar
(Accountant)
(125 Points)
Replied 25 February 2022
Margin scheme for second hand car etc
Recent Topics
- Sec 54 and TDS on sale of property
- Airbnb Manager - I manage properties for owners
- Wrong head ed for late fee
- Inter Company trnafer
- Job work-Reg
- Who is liable to pay GST if bank charges excl GST
- Cost of Acquisition IPO cases
- GST ON RENTAL OF RESIDENTIAL DWELING UNIT ON RCM
- VsV scheme tax payable
- WOS in Mauritius and funds transfer
Related Threads
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
