Gst query for old gold jewellery
This query is : Resolved
22 July 2021
Sir,
A gst registered jewellery business composite scheme dealer
1 purchase of old gold jewellery from urd persons after same any changes (repairs,polish etc) sales to customer
2.purhcases of old gold jewellery from urd persons some changes after sales to customer
Question:
Dealer above two options sales transaction gst applicable or not.
A gst registered jewellery business composite scheme dealer
1 purchase of old gold jewellery from urd persons after same any changes (repairs,polish etc) sales to customer
2.purhcases of old gold jewellery from urd persons some changes after sales to customer
Question:
Dealer above two options sales transaction gst applicable or not.
22 July 2021
Charge GST on sale value.
23 July 2021
In both case GST payable on sales@1%
23 July 2021
in case 1 value of supply shall be difference between the selling price and purchase price that is on margin under rule 32(5) as the goods does not change its form.
25 July 2021
I dont think margin scheme applicable on composite suppliers
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
