reverse charge for jewellers

[Kaustubh Karandikar]

When an un – registered person goes to a jewellery shop for selling the jewellery, the shop owner needs to pay GST under reverse charge on the amount paid to the un – registered person. If my understanding is right, once the shop owner pay GST under reverse charge, is he eligible to avail input tax credit of the same? And if YES under which provisions? And if NO under which provisions?

AI Summary

Reverse charge liability: sale of old jewellery by unregistered sellers generally not subject to reverse charge if not specified.
Reverse charge does not apply to purchases of old or used jewellery from unregistered persons after the amendment narrowing RCM to government-notified specified categories; jewellery is not listed, so registered jewellers are not liable. Transactions that are not taxable supplies (e.g., casual sales by consumers) likewise attract no GST or reverse charge. Press releases do not alter the statutory list-only notifications or enacted provisions can expand RCM applicability.