GST input on silver/gold coins purchased
This query is : Resolved
22 December 2024
whether GST input can be claimed on gold/silver coins purchased to keep it and not for purchase and sale, by firm, LLP and Company.
Dhirajlal Rambhia
(Expert)
22 December 2024
GST Rates on Gold and Coins
Gold Bars, Coins, and Jewelry: 3% GST
Goldsmith or Silversmith Services: 5% GST
ITC cannot be claimed if not for business purpose.
Gold Bars, Coins, and Jewelry: 3% GST
Goldsmith or Silversmith Services: 5% GST
ITC cannot be claimed if not for business purpose.
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