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Harsh Pareek

Latest Posts by Harsh Pareek

Margin Scheme under Goods & Services Tax (GST)

February 3, 2022 30072 Views 0 comment Print

To eliminate the cascading effect, the government had introduced GST. but After the introduction of GST, one of the most convoluted issues was ‘Tax implication on sale of used or second-hand goods’. Because these second-hand goods have already borne the incidence of tax. To avoid double taxation on the supply of goods that have already been taxed, the government introduced the marginal scheme.

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