Old jewellery purchased from customers. How to raise invoice by jewellers and payment mode to be shown in the books?

Reply—Even though the sale of old gold by an individual is for a consideration, it cannot be said to be in the course or furtherance of his business (as selling old Old jewellery is not the business of the said individual), and hence does not qualify to be a supply per se.

The jeweller is not required to raise any kind of invoice in this case. In case, In the jeweller dealing in second hand goods and invoicing his supplies as “second hand goods”, the valuation of supply of second hand Old jewellery which are purchased from individuals who are not registered under GST and there is no change in the form and nature of such goods, can be made as prescribed under sub-rule (5) of Rule 32 of the Central Goods and Service Tax Rules.

Refer advance ruling pronounced by AAR Karnataka in matter of Attica Gold Pvt. Limited dated 23.03.2020)