Gold diamond Jewelry

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Respected All
I am Jewellers I want to know about gold diamond Jewelry tax rate and what happens if I purchase diamond from unregistered saller. And I give to make Jewelry to Jewelry job worker who is unregistered and what I have to do.
Replies (6)
GST tax rate is 3% for gold and diamond jwellary. There is no issue when u sent ur jwellary to unregistered job worker. whenever u sold these jwellary then 3% rate of gst is payable.
Thanks Gauravji but please discribe it what I have to show transaction in my books
ON SALE OF JEWELLERY GAT RATE IS 3% AND ON LABOUR IT IS 18 % AND IF U PURCHASE JEWELLERY FROM AN UNREGISTERED PERSON THEN MAKE ACCOUNT OF RETAIL PURCHASE AND DEBIT THE RETAIL PURCHASE AND CREDIT THE UNREGISTERED PERSON NAME
Have I pay tax or not

Even the simplest looking engagement ring, earrings or pendant showcased at Kanjimull often feature a sophisticated gold pattern under the central diamond, or even an ornate design around it or embellishment on the shank, some of which do not catch the eye at first glance.Our brand’s designers and its founder believe that setting a gorgeous diamond in an ordinary mount does not allow one to display the full potential of jewellery design. So only select pieces go into production and we may alter their design as we make them – those additions can change the whole flavour of the jewellery. Inspired by our long standing family heritage, Kanjimull and Sons jewellers has launched a range of new collections that are designed for everyday as well as special life celebrations.

Thanks for sharing this post.

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