Soumya Laha (Advocate & Tax Consultant) (4698 Points)
22 April 2021What is the GST rate on jewellery making charges (SAC 998892) ?
Can a Goldsmith (who makes jewellery but doesn't sell) opt for composition scheme ? if yes, then what will be the GST rate ?
Shailander Jain
(Proprieotr)
(30 Points)
Replied 22 April 2021
Soumya Laha
(Advocate & Tax Consultant)
(4698 Points)
Replied 22 April 2021
Is there any option to claim ITC for Goldsmiths (Jewellery makers, not sellers) ? If yes, then from which items they can claim ITC ?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 22 April 2021
Soumya Laha
(Advocate & Tax Consultant)
(4698 Points)
Replied 22 April 2021
But in case of job work of registered customers, the GST rate is 5%. Am I right?
Soumya Laha
(Advocate & Tax Consultant)
(4698 Points)
Replied 22 April 2021
Also tell me, can a Goldsmith (Jewellery maker, not seller) claim ITC in regular scheme? If yes, then on which items ITC should be claimed?
CAclubindia
