Page 190 - GSTL_16th July 2020_Vol. 38_Part 3

428 GST LAW TIMES [ Vol. 38
2 Old Cars HSN Code 8703
Applicable rate 18%
Whether appellant can dis- Rule 32(5) is ap-
charge the tax liability on dif- plicable.
ference between sales price Appellant to pay
and purchase price consider- tax at 12% on sale
ing painting as second hand value of painting
goods following Rule 32(5) of
CGST Rules, 2017
3 Old Jewellery HSN Code 7113
Applicable rate
Whether appellant can dis- Rule 32(5) is ap-
charge the tax liability on dif- plicable.
ference between sales price Appellant to pay
and purchase price consider- tax at 12% on sale
ing painting as second hand value of painting
goods following Rule 32(5) of
CGST Rules, 2017
4 Antique Jewellery HSN Code 9706
Applicable rate 12%
Whether appellant can dis- Rule 32(5) is not
charge the tax liability on dif- applicable.
ference between sales price Appellant to pay
and purchase price consider- tax at 12% on sale
ing painting as second hand value of painting
goods following Rule 32(5) of
CGST Rules, 2017
Old watches HSN Code 9101, 9102
Applicable rate 18%
Whether appellant can dis- Rule 32(5) is ap-
charge the tax liability on dif- plicable. Tax will
ference between sales price be paid on the dif-
and purchase price consider- ference between
ing painting as second hand the sale price and
goods following Rule 32(5) of the purchase price.
CGST Rules, 2017
5 Antique Watches HSN Code 9706.00 00
Applicable rate 12%
Whether appellant can dis- Appellant to pay
charge the tax liability on dif- 12% on sale value
ference between sales price of antique watch-
and purchase price consider- es. Rule 32(5) is
ing painting as second hand not applicable.
goods following Rule 32(5) of Appellant to pay
CGST Rules, 2017 tax at 12% on sale
value of painting

GST LAW TIMES  16th July 2020  190