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.

AI Summary

GST Obligations for Reselling Auctioned Goods: Section 7(1)(a) Covers Resale; Report and Pay GST Regardless of Acquisition Method. A query was raised about filing a GST return for products bought at a customs auction, which were not consumed but resold. One respondent referenced Section 7(1)(a) of the CGST Act, indicating that resale is covered under the act's provisions for all forms of supply and business activities. Another respondent questioned the doubt about Input Tax Credit (ITC), emphasizing that GST must be reported and paid regardless of how the goods were acquired. The discussion focused on clarifying the GST obligations for reselling auctioned goods.