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Gold Loan & Sales Tax Registration

This query is : Resolved 
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(Querist)
28 December 2010 Hi all,

I'm an accounts executive in an NBFC from Kerala. Our company is largely doing gold loan business, and now we heard that once we auctioning the jewels of defaulted customers, sales tax registration is required in kerala.

could you please give your valuable opinions about this?


Mahesh G
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
02 January 2011 sale through auction is covered under sales tax.
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