Melting old gold ornaments for sale
This query is : Resolved
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BALAMURUGAN GOPAL
(Querist)
06 April 2022
Hi
One of the famous jewelry companies buys old gold ornaments from customers/individuals and melts them for sale to other dealers.
Does this melting activity come under the purview of manufacturing activity?
Can anybody clarify this?
Thanks in advance.
One of the famous jewelry companies buys old gold ornaments from customers/individuals and melts them for sale to other dealers.
Does this melting activity come under the purview of manufacturing activity?
Can anybody clarify this?
Thanks in advance.
CA R SEETHARAMAN
(Expert)
06 April 2022
Yes, it's a part of manufacturing activity.
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BALAMURUGAN GOPAL
(Querist)
08 April 2022
Hi Sir, Thanks for your comments. Hence, is this necessary to register this manufacturing activity under any act?
CA R SEETHARAMAN
(Expert)
09 April 2022
If your such sale value exceeds 40 lacs in a year GST registration is required.
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