{"id":55886,"date":"2024-12-16T13:29:50","date_gmt":"2024-12-16T07:59:50","guid":{"rendered":"https:\/\/piceapp.com\/blogs\/?p=55886"},"modified":"2024-12-26T12:26:17","modified_gmt":"2024-12-26T06:56:17","slug":"margin-scheme-under-gst","status":"publish","type":"post","link":"https:\/\/piceapp.com\/blogs\/margin-scheme-under-gst\/","title":{"rendered":"Margin Scheme Under GST"},"content":{"rendered":"\n
The Indian Government originally introduced the Goods and Services Tax (GST) to eliminate the cascading effect of the taxation structure. After it came into force, the tax effects on the sale of used or second-hand goods emerged as one of the most convoluted subjects. To evade double taxation scenarios<\/a>, the government proposed a marginal scheme under GST for the supply of similar items.<\/p>\n\n\n\n In this blog, we will understand the concept of marginal schemes under Goods & Services Tax in detail.<\/p>\n\n\n\n Under the GST margin scheme, people dealing in transactions of used goods (both selling and purchasing) only need to bear the GST charges applicable to the difference between the buying and selling prices of the concerned goods.<\/p>\n\n\n\nWhat Is Meant by \u2018Margin Scheme Under GST\u2019?<\/strong><\/h2>\n\n\n\n
