GST on Paintings, Old & antique Car/jewellery/watches/Books

In re Astaguru Auction House Private Limited (GST AAR Maharashtra) Question 1: – The classification and HSN code of goods listed in table (as given in Annexure II of application as Issue for Determination) and GST rates applicable to such goods? Answer:- (i) Paintings bought from individual art collectors will be classifiable under Heading 9701 and the applicant is liable to pay GST of 12%. (ii) Old Cars:- Motor Vehicles fall under Heading 8703 of the GST Tariff. All the items under 8703 will attract 28% GST except Tariff item 870310 10; Sub-heading 8703 80. However old cars will attrac...