Trader of second-hand gold in form of lumps or irregular shapes cannot avail GST chargeability under margin scheme
Last updated: 23 May 2023
Court :
AAR, Karnataka
Brief :
The AAR, Karnataka, in the matter of M/s. White Gold Bullion Pvt. Ltd.[Advance Ruling no. KAR ADRG 20/2023 dated May 15, 2023] ruled that purchasing second hand gold in the form of jewellery / parts of jewellery, from unregistered individuals and selling to registered / unregistered dealers, after melting in the form of lumps / irregular shapes of gold will not get benefit of chargeability of GST on the margin difference between the sale price and purchase price as stipulated in Rule 32(5) of the Central Goods and Services Tax Rules, 2017 ("the CGST Rules").
Citation :
Advance Ruling no. KAR ADRG 20/2023 dated May 15, 2023
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Bimal Jain
Published in GST
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