Page 186 - GSTL_16th July 2020_Vol. 38_Part 3

424 GST LAW TIMES [ Vol. 38
3. Old jewellery HSN Code 7113

Applicable Rates As applicable to
the above HSN
Code
Whether Appellant can dis- Rule 32(5) of the
charge the tax liability on CGST Rules, 2017
difference between sales and is applicable
purchase price considering
old jewellery as second hand
goods following Rule 32(5) of
the CGST Rules, 2017.
4. Antique Jewellery HSN Code 9706 00 00
Applicable Rates 12%

Whether Appellant can dis- Rule 32(5) is not
charge the tax liability on applicable.
difference between sales and Appellant to pay
purchase price considering tax at 12% on the
old jewellery as second hand sale value of the
goods following Rule 32(5) of Antique Jewellery.
the CGST Rules, 2017.
5. Old Watches HSN Code 9101, 9102
Applicable Rates 18%
Whether Appellant can dis- Rule 32(5) of the
charge the tax liability on CGST Rules, 2017
difference between sales and is applicable. Tax
purchase price considering will be paid on
old watches as second hand difference between
goods following Rule 32(5) of the sale price and
the CGST Rules, 2017. purchase price.
6. Antique Watches HSN Code 9706 00 00

Applicable Rates 12%
Whether Appellant can dis- Rule 32(5) is not
charge the tax liability on applicable.
difference between sales and Appellant to pay
purchase price considering tax at 12% on the
Antique Watches as second sale value of the
hand goods following Rule Antique Watches.
32(5) of the CGST Rules,
2017.
7. Collectibles and HSN HSN Code In absence of spe-
Code Applicable Rates cific details of
goods covered

GST LAW TIMES  16th July 2020  186