The Karnataka Authority for Advance Ruling (AAR) has held that while the margin scheme is not specified under the GST law, taxation based on margin can be applied subject to strict compliance with the prescribed conditions. The bench of Kalyanam Rajesh Rama Rao and Sivakumar S Itagi has mentioned that second-hand motor vehicles fall under […]
The post No ITC, No Full-Value Tax: Karnataka AAR Backs Margin-Based GST on Used Vehicle Sales first appeared on SAG Infotech Official Tax Blog.
