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Will India's GST policy have a "Margin Scheme," as in other countries with a GST?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Anju asked over 2 years ago

I am a dealer of pre-owned cars purchased from individuals who won't give me an input tax credit. Will India's GST policy have a "Margin Scheme," as in other countries with a GST?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

The margin scheme is a way of working out the GST you must pay when you sell property as part of your business. You can only apply the margin scheme if the sale of the property is taxable. If you purchase property where the margin scheme was applied to the sale, you cannot claim a GST credit for the GST included in the purchase price of the property.

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