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- Whether GST is payable on the margin difference between the sale and purchase price of second-hand goods ?
Whether GST is payable on the margin difference between the sale and purchase price of second-hand goods ?
TRT-2026-1108
Issue Favourable to Tax Payer ?:- yes
Held - Rule 32(5) CGST Rules, 2017 specifies that where a taxable supply is provided by a person dealing in buying and selling of second hand goods i.e. used goods as such or after such minor processing which does not change the nature of the goods and where no input tax credit has been availed on the purchase of such goods, the value of supply shall be the difference between the selling price and the purchase price and where the value of such.....
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