https://www.taxtmi.com/caselaws?id=409706 Rule 32(5) applies to taxable supplies of second-hand goods where the supplier deals in buying and selling such goods, no input tax credit has been taken on purchase, and the goods are sold as such or after only minor processing that does not change their nature. On the stated facts, second-hand gold jewellery purchased from unregistered persons, cleaned and polished without alteration in form, satisfied those conditions. The valuation is therefore to be determined under Rule 32(5), with GST payable only on the difference between the selling price and the purchase price, subject to the rule's terms. en-us Fri, 09 Jul 2021 00:00:00 +0530 Wed, 26 Mar 2025 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409706 Rule 32(5) applies to taxable supplies of second-hand goods where the supplier deals in buying and selling such goods, no input tax credit has been taken on purchase, and the goods are sold as such or after only minor processing that does not change their nature. On the stated facts, second-hand gold jewellery purchased from unregistered persons, cleaned and polished without alteration in form, satisfied those conditions. The valuation is therefore to be determined under Rule 32(5), with GST payable only on the difference between the selling price and the purchase price, subject to the rule's terms. Case-Laws GST Fri, 09 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409706