A GST registered partnership firm dealing in textiles wants to invest in silver.
can it take ITC on purchase of silver?
is firm liable to collect GST while selling the same?
can it save GST if it purchase silver ETF instead physical silver?
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GST ON GOLD PURCHASE BY PARTNERSHIP FIRM
Replies (2)
Pur and sale of silver will be business. so can collect gst. can get ITC.
etf also taxable
etf also taxable
If the purpose of investment is reselling , then you can claim ITC
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