GST Treatment for Second-Hand Gold Jewellery: AAR West Bengal Ruling

In re Kundan Kumar Prasad (GST AAR West Bengal)

In the case of In re Kundan Kumar Prasad, the West Bengal Authority of Advance Ruling (AAR) examined whether a business engaged in purchasing second-hand gold jewellery from unregistered individuals can utilize the margin scheme outlined in sub-rule (5) of rule 32 of the CGST/WBGST Rules, 2017. The applicant, who transforms old jewellery into new products, sought clarity on several aspects of GST applicability regarding his operations. His activities included reshaping old jewellery into new items based on customer re

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