Hi,
Mr. A is a car dealer
Is there any limit on turnover of margin scheme?
How is turnover calculated in gst margin scheme?
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Margin scheme limit on turnover
Replies (2)
No turnover limit.
sale value - purchase value
sale value - purchase value
There is no limit .
Turnover is computed as per sale value .
Note : It's an option provided to pay GST on margin value. so to compute aggregate turnover sale value to be considered.
For more detail refer:
https://youtu.be/fg7V_dFWm98
Turnover is computed as per sale value .
Note : It's an option provided to pay GST on margin value. so to compute aggregate turnover sale value to be considered.
For more detail refer:
https://youtu.be/fg7V_dFWm98
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