GST to be levied on the difference between purchasing, selling price of second hand gold jewellery, says Karnataka AAR

Experts feel this ruling will bring a lot of clarity on taxation and also help buyers Karnataka’s Authority for Advance Ruling (AAR) has held that the difference between purchase price and selling price of second-hand jewellery will be the value for levying of Goods & Services Tax (GST).  Experts feel this ruling will bring a lot of clarity on taxation and also help buyers. The applicant…