Classification of goods - second hand or used 'Paintings' - GST ...

GST on Used Paintings: Tax Payable on Margin Only, Negative Margins Ignored per Rule 32(5.

May 25, 2022

Case Laws GST AAR

Classification of goods - second hand or used 'Paintings' - GST on margin - determination of the liability to pay tax - shall be paid by the applicant on the difference between the selling price and the purchase price and where the value of such supply is negative, it shall be ignored. - Provisions of Rule 32(5) of CGST Rules will be applicable. - The 'Paintings are classifiable under Heading 9701 of the GST Tariff - AAR

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Classification of goods - second hand or used 'Paintings' - GST ...

GST on Used Paintings: Tax Payable on Margin Only, Negative Margins Ignored per Rule 32(5.

May 25, 2022

Case Laws GST AAR

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