Buys old gold and sells new gold ornaments with exchange and without exchange at a small jewelry shop with GST Number.3% GST colltected on jewelry sold and paid to Government Account.
Do I have to pay GST on the old gold I buy.
What are the Process for remaking the purchased old gold and add in the accounts.
No need to pay GST on gold bought under RCM. If the seller is charging GST then you will pay and claim ITC otherwise no payment required. You will pay GST only on your sales
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