Aadhya Gold Private Limited ., In re
Date: July 9, 2021
Subject Matter
GST on the sale of second hand jewellery is to be paid only on the difference between the selling price and purchase price as stipulated under Rule 32(5)
Summary
Q. Whether GST is to be paid only on the difference between the selling price and purchase price as stipulated under Rule 32(5) of CGST Rules, 2017, if applicant purchases used/ second hand gold jewellery from individuals who are not dealers under th…
1. M/s. Aadhya Gold Private Limited (called as the ‘Applicant’ hereafter) No.37/38,1st Floor, SBI Colony, 80 Feet Road, 3rd Block, Koramangala, Bengaluru-560 034having GSTIN 29AAPCA3170M1Z5, have filed an application for Advance Ruling under Section 97 of CGST Act, 2017 read with Rule 104 of CGST Rules, 2017 and Section 97 of KGST Act, 2017 read with Rule 104 of KGST Rules, 2017,…