White Gold Bullion Private Limited ., In re
Date: May 14, 2023
Subject Matter
Margin scheme under Rule 32(5) is not applicable on old Gold Jewellery purchased and sold after melting
Summary
The case is about a person who purchases second-hand gold in the form of jewellery/parts of jewellery from unregistered individuals and sells them to registered/unregistered dealers after melting the gold and shaping them into lumps/irregular shapes…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, KARNATAKA M/s. White Gold Bullion Private Limited, No.75, House of White, First Floor, Hosur Road, Koramangala, Bengaluru-560 095 (hereinafter referred to as The applicant’), having GSTIN 29AAPCA3170M1Z5 have filed an application for Advance Ruling under Section 97 of CGST Act, 2017 read with Rule 104 of CGST Rules, 2017 and Section 97…