Mega Offer Avail 65% Off in CA IPCC and 50% Off in all CA CS CMA subjects.Coupon- IPCEXAM65 & EXAM50. Call: 088803-20003

CA Final Online Classes
CA Classes

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Can a Goldsmith opt for GST Composition scheme ?


Soumya Laha (Advocate & Tax Consultant)     20 April 2021

Soumya Laha
Advocate & Tax Consultant 
 365 likes  4563 points

| My Other Post

What is the HSN / SAC code for Goldsmiths ?

Can a Goldsmith opt for GST Composition Scheme ?

What is the rate of GST for Goldsmiths in Regular Scheme ?

What is the rate of GST for Goldsmiths in Composition Scheme ?

 

SHADAB AKHTAR ANSARI

SHADAB AKHTAR ANSARI   21 April 2021

SHADAB AKHTAR ANSARI

 16 points

View Profile | My Other Post
HSN Code for Goldsmith is 7114
and GST rate will be 3% for Regular (Eligible for ITC)

Can be opt for Composition Scheme
Gst Output liabilty will be 1% (Without ITC and can be collect gst from party)
Soumya Laha

Soumya Laha (Advocate & Tax Consultant)     21 April 2021

Soumya Laha
Advocate & Tax Consultant 
 365 likes  4563 points

View Profile | My Other Post

7114 is the HSN code for Jewellery items and GST rate is 3% for regular. But I asked for Goldsmith's (Jewellery maker who incomes from Labour Charges) SAC code details, which is 998892 (Jewellery Manufacturing Services). But there is a lot of confusions ?

What is the GST rate for SAC 998892 ?

is SAC 998892 elegible for Composition Scheme ? if yes what is the GST Rate?


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Related Threads


Loading


Trending Tags