Gold purchase - reg
This query is : Resolved
06 September 2019
Dear Experts...
We are purchase to registered person for gold ornaments and the same sold to ornaments with 3% gst tax. But, my query is we are purchase for gold from unregistered [customer] person without tax. this way is correct or tax collected to customer????
2nd query is - if without tax purchase gold directly go through to stock. Then, as usual we are raise for sale invoice with gst tax 3%???? this way is correct...
without tax purchase go through to with tax sold ....
kindly solve my query.....
thanks for advance...
We are purchase to registered person for gold ornaments and the same sold to ornaments with 3% gst tax. But, my query is we are purchase for gold from unregistered [customer] person without tax. this way is correct or tax collected to customer????
2nd query is - if without tax purchase gold directly go through to stock. Then, as usual we are raise for sale invoice with gst tax 3%???? this way is correct...
without tax purchase go through to with tax sold ....
kindly solve my query.....
thanks for advance...
06 September 2019
on purchase of gold from unregistered person there is no reverse charge as of now as the same is not covered under section 9(3) and specified goods and specified registered persons has not been notified u/s 9(4) as of now except real estate.
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