Ramanujam Tulsi Ramadas ., In re
Date: March 15, 2026
Subject Matter
Used Car Dealers Eligible for Margin Scheme Valuation Under Rule 32(5) and Notification 8/2018 - CT(R)
Summary
The Authority for Advance Ruling (AAR) held that the 'Margin Scheme' valuation, although not explicitly defined in the CGST Act, is applicable to businesses engaged in the purchase and sale of second-hand cars. This is subject to the conditions laid…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, KARNATAKA Shri Ramanujam Tulasi Ramadas, (herein after referred to as ‘Applicant), #6, Vivekananda Road, Yadavagiri, Mysore-570020, having User ID 292300000646ARN, have filed an application for Advance Ruling under Section 97 of CGST Act, 2017 read with Rule 104 of CGST Act, 2017 and Section 97 of KGST Act, 2017 read with Rule 104 of KGST Rul…