Notification No. 10/2017
Date: June 28, 2017
Subject: Exemption from reverse charge for dealers operating under the Margin Scheme.
Description:
This notification exempts registered dealers engaged in buying and selling of second-hand goods, who pay tax on margin under Rule 32(5) of the CGST Rules, from reverse charge liability on inward supplies received from unregistered persons. The exemption facilitates smooth operation of the margin scheme.
Issued for earlier notification?
No — issued independently under section 11(1).