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gst on gold

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(Querist)
10 July 2017 one of my clients is doing business of gold jewelry turn over is below 75000 can he apply for composition scheme under gst.and what is rateto be chatg
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
10 July 2017 He can apply for composition scheme under gst. 1% gst applicable in case of trading and 2% gst in case of manufacturing.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
12 July 2017 Composition scheme is not advisable for Sarrafa dealers who purchase from unregistered dealer. Because they have to purchase after paying @ 3% under RCM for which no credit available. Also on sale they have to pay @ 1% on sales which would not be collected from customer . So they have to pay 4% aggregate.
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