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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
 "GST payable only on profit earned from resale of gold jewellery")
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
 "No GST on second-hand goods if they are sold cheaper than purchase price")
Updated On : 15 Jul 2017 | 7:56 PM IST
