https://www.taxtmi.com/article/detailed?id=11432 Melting second hand gold jewellery into lumps changes the nature of the goods, so the trader cannot use the margin valuation under Rule 32(5) of the CGST Rules. Because the processing alters classification, supplies of melted gold do not qualify as minor processing that preserves the goods' nature and are ineligible for determining taxable value as the difference between sale and purchase price. en-us Fri, 26 May 2023 10:23:52 +0530 Fri, 26 May 2023 10:23:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11432 Melting second hand gold jewellery into lumps changes the nature of the goods, so the trader cannot use the margin valuation under Rule 32(5) of the CGST Rules. Because the processing alters classification, supplies of melted gold do not qualify as minor processing that preserves the goods' nature and are ineligible for determining taxable value as the difference between sale and purchase price. Articles Goods and Services Tax - GST Fri, 26 May 2023 10:23:52 +0530 https://www.taxtmi.com/article/detailed?id=11432