Gst query for old gold jewellery
This query is : Resolved
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.
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.
22 July 2021
Charge GST on sale value.
23 July 2021
In both case GST payable on sales@1%
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.
25 July 2021
I dont think margin scheme applicable on composite suppliers
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