Case Law Details
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 attract a lower rate of tax as per Notification No. 08/2018 CT (Rate) dated 25.01.2018. As per the said Notification, the lesser rate of tax i.e. 18 % is applicable to old cars provided the conditions mentioned therein are fulfilled.
(iii) Old Jewellery:- Articles of jewellery and parts thereof, of precious metal will fall under Heading 7113 of the GST Tariff attracting 3% GST.
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