Applicability of Rule 32(5) of CGST Rules, 2017 on purchase of used/second hand gold jewellery

Last updated: 15 July 2021
Quick Summary
This advance ruling clarifies the applicability of Rule 32(5) of the CGST Rules, 2017, concerning the Goods and Services Tax (GST) on the purchase of used or second-hand gold jewellery. The ruling was sought by M/s. Aadhya Gold Private Limited to understand the specific tax treatment for such transactions. The Authority for Advance Rulings in Karnataka provided the decision on this matter.

Court :
AAR Karnataka

Brief :
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, in form GST -01 discharging the fee of Rs.5,000/- each under the CGST Act and the KGST Act.

Citation :
Advance Ruling No. KAR ADRG 35/ 2021 

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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