query on Gold
rongali siva (16 Points)
17 July 2017
repairs to jewellery is it falling under Job work or not....what is the implications
rongali siva (16 Points)
17 July 2017
Karan Batra
(Creator: TheProTalks)
(2325 Points)
Replied 18 July 2017
Read the following it has been taken from the FAQs on Jewellery by the India Bullion & Jewellers Association Limited. I have also attached the Original document here for your reference,
"11. How the GST will be applied on repairing of jewellery? Ans- GST will be applied on repairing charges only. However if some gold is added while repairing goods, GST is used to be paid on additional gold used for repairing.
13. How will GST apply if a customer wants to convert a chain to a mangalsutra? Ans- Since original product is getting converted to different product, GST will be levied on full value of mangalsutra. However, if it is termed as repairs only than GST will be payable on additional gold value and labour charges."
For Implications repairing will not affect anything but yes registeration of Karigars having high turnover will have implications, further those who are getting their work from other Unregistered Karigars will face RCM that will have Compliance issues and Struggles in my opinion.
Karan Batra
(Creator: TheProTalks)
(2325 Points)
Replied 18 July 2017
Here you go
Auctions Gold
(31 Points)
Replied 20 July 2017
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