margin scheme – OnlineTaxUpdate

The AAR, Kerala, in the matter of M/s Best Money Gold Jewellery Ltd. [Advance Ruling No. KER/06/2023 dated March 02, 2023] ruled that value of gold will not diminish even if it is exchanged among 10 different users in a…

AAR GST Article

Trader of second-hand gold in form of lumps or irregular shapes cannot avail GST chargeability under margin scheme

byCA Bimal Jain23/05/202323/05/2023

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…

Tag: margin scheme

Traders of second-hand gold ornaments not eligible for GST margin scheme

Trader of second-hand gold in form of lumps or irregular shapes cannot avail GST chargeability under margin scheme