AAR : Used ‘lead acid batteries’ qualify as ‘second hand goods’ for ‘margin scheme’ notified under Rule 32(5)

Rajasthan AAR holds that, used ‘Lead acid batteries’ sold to manufacturers, on which no ITC is availed qualify as ‘second hand goods’ for purpose of Margin scheme notified under Rule 32(5) of CGST Act, 2017; Said margin scheme specifies that in case of a person dealing in buying and selling of second hand goods, value of supply shall be difference between selling and purchase price; Notes that applicant is procuring second hand ‘lead acid batteries’ in small quant...