Gst query for old gold jewellery

This query is : Resolved

Kollipara Sundaraiah (Querist)
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22 July 2021 Sir,
A gst registered jewellery business composite scheme dealer
1 purchase of old gold jewellery from urd persons after same any changes (repairs,polish etc) sales to customer
2.purhcases of old gold jewellery from urd persons some changes after sales to customer
Question:
Dealer above two options sales transaction gst applicable or not.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 July 2021 Charge GST on sale value.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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23 July 2021 In both case GST payable on sales@1%

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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23 July 2021 in case 1 value of supply shall be difference between the selling price and purchase price that is on margin under rule 32(5) as the goods does not change its form.

CA Altamush Zafar

CA Altamush Zafar (Expert)
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25 July 2021 I dont think margin scheme applicable on composite suppliers

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