Gst rules on old gold jewellery
This query is : Resolved
Kaushik Makwana
(Querist)
21 April 2023
Hello everyone, I am asking you all that asume that I am a gst registered jewellers if I am buy old jewellery from customer and ther are not registered and I that old jewellery sell to a registered jewellers then what is the transaction and taxes are applicable.
CA R SEETHARAMAN
(Expert)
21 April 2023
For purchase of old jewellery pay GST 3% under RCM.
Claim ITC on RCM paid against sale of new jewellery.
Claim ITC on RCM paid against sale of new jewellery.
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