What is the procedure to claim Input Tax Credit under profit maargin scheme?

Is there a way to get Input Tax Credit when filing VAT returns under profit margin scheme?

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Banan

02/08/2019 13:29:58
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Banan02/08/2019 14:34:56

When registered second-hand goods dealers purchases used goods from registered person, the supplier will levy VAT on the supply. If the second-hand goods dealer is opting for the margin scheme and filing VAT returns under profit margin scheme for supply of these used goods, the dealer is not eligible to recover the input tax paid. If the second-hand goods dealer is not opting for the margin scheme, then the dealer is eligible to recover the input tax paid.

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