https://www.taxtmi.com/highlights?id=70889 Valuation - purchase of used / second-hand gold jewellery or ornaments - the term ‘second hand’ does not hold any meaning when it comes to items such as gold, land, currency etc. In order to qualify for inclusion under the valuation of supply as envisaged under sub-rule (5) of rule 32, it has to be proved that the applicant is dealing in second-hand goods. Unfortunately, gold in any form fails to pass the test of ‘second-hand goods’. - AAR en-us Thu, 13 Jul 2023 16:21:26 +0530 Fri, 14 Jul 2023 14:36:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70889 Valuation - purchase of used / second-hand gold jewellery or ornaments - the term ‘second hand’ does not hold any meaning when it comes to items such as gold, land, currency etc. In order to qualify for inclusion under the valuation of supply as envisaged under sub-rule (5) of rule 32, it has to be proved that the applicant is dealing in second-hand goods. Unfortunately, gold in any form fails to pass the test of ‘second-hand goods’. - AAR Highlights GST Thu, 13 Jul 2023 16:21:26 +0530 https://www.taxtmi.com/highlights?id=70889