GST On Second-hand

GST payable only on profit earned from resale of gold jewellery

Karnataka Authority for Advance Ruling has held that in case of resale of second-hand gold jewellery, jewellers have to pay GST only on the profit earned from such sale

Updated On: 18 Jul 2021 | 5:45 PM IST

No GST on second-hand goods if they are sold cheaper than purchase price

Clarification comes after doubts were raised regarding applicability of Margin Scheme under GST

Updated On: 15 Jul 2017 | 7:56 PM IST