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GST - Highlights / Catch Notes

Home Highlights May 2023 Year 2023 This

GST on sale and purchase of old and used jewellery - The ...

GST

May 18, 2023

GST on sale and purchase of old and used jewellery - The applicant purchasing second hand gold in the form of jewellery / parts of jewellery, from unregistered individuals and selling to registered / unregistered dealers, after melting the same, in the form of lumps / irregular shapes of gold, cannot pay GST on the margin difference between the sale price and purchase price as stipulated in Rule 32(5) of CGST Rules, 2017 - AAR

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