𝗚𝗦𝗧 𝗼𝗻 𝗥𝗲𝘀𝗵𝗮𝗽𝗶𝗻𝗴 𝗝𝗲𝘄𝗲𝗹𝗿𝘆: In Kundan Kumar Prasad [2024] 76 TAXLOK.COM 179 (AAR-WB), the applicant sought clarity on applying GST under the margin scheme when reshaping old jewelry.

The Authority ruled that if significant transformation occurs—such as melting old jewelry into new ornaments—full GST applies, not the margin scheme. However, minor reshaping without altering the nature of the goods may still qualify for the margin scheme. 💍✨