Safset Agencies Private Ltd ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Maharashtra
- Date:
- January 15, 2019
- Type:
- Advance Ruling
Subject
GST on various second hand goods viz Old Cars, Old Jewellery, Paintings, Old Watches, Antique Books etc
Summary
Question 1.1. Whether Applicant is dealing in second hand goods and tax is to be paid on the difference between selling price and purchase price as stipulated in Rule 32 (5) of CGST Rules, 2017? Answer :- In view of the above discussions the liabilit…
Judgement
The present application has been filed under section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act. 2017 [hereinafter referred to as “the CGST Act and MGST Act”] by SAFSET AGENCIES PRIVATE LTD ,( Astaguru.com ) , the applicant, seeking an advance ruling in respect of the following questions. 1.1 Whether Applicant is dealing in second…