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No GST On Second Hand Goods If Sold Cheaper
The clarification comes after doubts regarding the Margin Scheme It can be availed by any registered person dealing in second hand goods Dealers of old and used empty bottles are also included
15 Jul 2017, 07:13 PM IST 
New Delhi: The buying and selling of second hand goods will not attract Goods and Services Tax (GST) if sold at a price cheaper than the purchase price, the government said on Saturday.
Rule 32(5) of the Central Goods and Services Tax (CGST) Rules, 2017, provides that where a taxable supply is provided by a person dealing in buying and selling of second hand goods or used goods as such or after such minor processing which does not c...
