Gst on gold business
This query is : Resolved
n.srinivasarao
(Querist)
01 July 2017
Respected Sir
Client Purchasing gold Biscuits by paying 3% GST. Client converting gold biscuit into gold ornaments through workers and finally selling gold ornaments.
Please tell me the GST procedure for this client
Client Purchasing gold Biscuits by paying 3% GST. Client converting gold biscuit into gold ornaments through workers and finally selling gold ornaments.
Please tell me the GST procedure for this client
CA R SEETHARAMAN
(Expert)
01 July 2017
On his sale he has to charge 3% GST and claim ITC on 3% paid on gold biscuits.
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