CAN WE FILLED GST RETURN FOR CUSTOM AUCTION.

[Mac Rim]

Related to ITC can we filled return for which I paid GST for the product which I bought from auction.

The product were not consumed by me however it was reseller.

[KASTURI SETHI]

Resale is covered under Section 7 1(a) of CGST Act. Refer to the phrases 'all forms of supply', ''disposal made or agreed to be made" "ïn the course of business or furtherance of business ''. 

[Shilpi Jain]

Why does this doubt arise? Irrespective of how you got the goods, on sale reporting has to be done and GST paid.

What is the doubt regarding ITC in this? Could not understand 

AI Summary

Supply under GST requires sale reporting and GST payment for auctioned goods; ITC availability remains unclear. Resale of goods acquired at a customs auction constitutes a taxable supply and must be reported in GST returns with GST paid; respondents stress the reporting and payment obligation and do not provide a definitive position on claiming input tax credit for the auction purchase.