ACT : VALUE-ADDED TAX ACT 89 OF 1991 . If you run a business that sells goods, you have certain legal responsibilities. DATE: 12 September 2017 . Whether you can get one will depend on who you’ve bought your items from - a trader or an individual. We recommend checking that the words "latest version" appear after the version number, or checking the Version history information. ACT To regulate the business of dealers in second-hand goods and pawnbrokers, in (i) second-hand goods. In this case the Supply of Goods Implied Terms Act 1973 applies, which makes the hire-purchase company responsible for the quality of the goods supplied, and gives you slightly different rights. The purpose of the scheme is to avoid double taxation as the goods, having once borne the incidence of tax, re-enter the … the difference between the value at which the goods are supplied and the price at which the goods are purchased. 4-minute read. ISO 20245:2017 is intended to help protect health, safety and the environment in which second-hand goods interact, when used by consumers. Secondly, the purchase of second hand goods must be made from unregistered supplier. Department of Revenue, Ministry of Finance has issued NOTIFICATION G.S.R. The Sale of Goods Act 1930 2. 32087 Act No. Second-hand goods bought from online retailers are covered by the Consumer Contracts Regulations. Read our guides to learn more. We are the leading resource for freely available Legislation in South Africa and are used daily by thousands of professionals and industry leaders. SCHEDULE 1 (Section 1) GOODS. Even if the item's second-hand or reduced, it doesn't mean you get second-rate consumer rights, except where the seller pointed out the specific problems before you bought. Acts Online provides legislation, including amendments and Regulations, in an intuitive, online format. 2 No. You must be logged in to post a comment. (Assented to 30 March 2009.) 938(E) No. Submit a Comment Cancel reply. SECTION : SECTION 1(1) DEFINITIONS OF “INPUT TAX” AND “SECOND-HAND GOODS” SUBJECT : DEDUCTION OF INPUT TAX IN RESPECT OF SECONDHAND GOLD- Preamble . With Acts you are guaranteed the latest and most up to date resource for your legislative needs. 5 Purpose of Determination The purpose of this Determination is to determine a class of goods that are incidental valuable metal goods for the purposes of the definition of incidental valuable metal goods in section 195-1 of the Act. The following goods are regulated goods for the purposes of Part III of the Act, if they are not second‑hand goods: (a) Provisions under Rule 32 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Determination of Value in respect of Certain Supplies”. Recent Member Interaction. (2) This Act shall apply only in Peninsular Malaysia. Your second-hand shopping rights. This guide to the Sale of Goods Act 1979 gives information about goods and services bought on or before 30 September 2015. 16 March 2017. Jade Wimbledon. Seconde chance est un film réalisé par Peter Segal avec Jennifer Lopez, Leah Remini. repealed; Sale of Goods Act 1908: repealed, on 1 September 2017, by section 345(1)(i) of the Contract and Commercial Law Act 2017 (2017 No 5). Regulated goods: 2. (1) This Act may be cited as the Second-hand Dealers Act 1946, and shall come into operation on the first day of August 1946. Sale of goods and the Consumer Rights Act: a guide for small businesses. This Act is called the Second-Hand Goods Act, 2009. Quick links. Sale of goods_act_aug-2017 1. In 1930, Sections 76 to 123 of the Indian Contract Act, 1872 were repealed and a separate Act called ‘The Indian Sale of Goods Act, 1930 was passed. Note 4 at the end of this reprint provides a list of the amendments incorporated. The Evolution Till 1930, transactions relating to sale and purchase of goods were regulated by the Indian Contract Act, 1872. However, in respect of second hand goods, a person dealing is such goods may be allowed to pay tax on the margin i.e. Rule 32 of CGST Rules 2017 deals with determination of value in respect of certain supplies. Jewellery, including unwrought precious metal as defined in the Precious Metals Act, 2005 (Act 27 of 2005). ISO 20245:2017 establishes minimum screening criteria for second-hand goods that are traded, sold, offered for sale, donated or exchanged between countries. If you buy second-hand goods from a retailer, you're also covered by the Consumer Rights Act. The Second-Hand Goods Act 6 of 2009 aims: to regulate the business of dealers in second-hand goods and pawnbrokers, in order to combat trade in stolen goods; to promote ethical standards in the second-hand goods trade; and; to provide for matters connected therewith. Second Schedule (II) to CGST Act 2017: Activities or Transactions to be treated as Supply of Goods or Services Aug 30, 2018 CGST Act 2017 KEWAL GARG Provisions under Second Schedule (II) to CGST Act 2017 regarding “Activities or Transactions to be treated as Supply of Goods or Services” , are as under: Second-hand goods If your second-hand goods aren’t what you expected, you may be entitled to a refund. They must be of satisfactory quality and, if they're faulty, you can return them. Subjection to certain exceptions, the Value-Added Tax Act, No 89 of 1991 (VAT Act) entitles a vendor to claim a notional input tax deduction in respect of second-hand goods acquired under a non-taxable supply, where such second-hand goods are acquired from a resident of the Republic for the purpose of consumption, use or supply in the course of making taxable supplies.