ITC allowable on ‘Second Hand Gold Jewellery’ only If Purchased from GST Registrants: AAR

The Authority of Advance Ruling (AAR)  ruled  that  Input Tax Credit  can be claimed on the ‘second-hand gold jewellery’ only in the case if it is purchased from a registered person under  Goods and Service Tax (GST). The applicant, M/s Attica Gold Private Limited is a private company, which is engaged in the business of purchasing second-hand gold jewellery from unregiste…