Kundan Kumar Prasad ., In re
Date: September 10, 2024
Subject Matter
Supplies made after major processing that alters the nature of the goods cannot benefit from Rule 32(5)
Summary
The applicant sought an advance ruling regarding the applicability of GST on their transactions involving the purchase and sale of second-hand gold and diamond jewelry. The ruling considered whether the applicant could apply the margin scheme under R…
FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING WEST BENGAL 1.1 At the outset, we would like to make it clear that the provisions of the Central Goods and Services Tax Act, 2017 (the CGST Act, for short) and the West Bengal Goods and Services Tax Act, 2017 (the WBGST Act, for short) have the same provisions in like matter except for certain provisions. Therefore, unless a mention is specifically…