GST on Sale of Ancestral Paintings

[deepak gulati]

An unregistered salaried person is selling his Ancestral Paintings for Rs. 45 lakhs in the open market.

The question is whether GST will be leviable on these paintings or not.

AI Summary

GST Not Applicable on Sale of Ancestral Paintings by Unregistered Salaried Individual per CGST Act, 2017 An unregistered salaried individual selling ancestral paintings for Rs. 45 lakhs queried about the applicability of GST. Experts in the discussion agreed that GST is not applicable as the sale does not fall under the definition of 'business' or 'casual taxable person' as per the CGST Act, 2017. The transaction is not in the course or furtherance of business, as the individual is not engaged in the regular sale of such items. Some participants cautioned about the broad interpretation of 'business' by tax authorities but emphasized that the sale of personal goods should not attract GST.