Cash Purchase of Gold

sir gold purchased in cash by a registered person for futher sale(cash for gold business) from unregistered person (normal individual), then is it necessary to show purchase in 3b?
If yes then where to show?
Replies (6)
Quick Summary
This discussion clarifies the GST implications of purchasing gold with cash from unregistered individuals for a cash-for-gold business. While GST doesn't differentiate between cash or bank payments, it's essential to correctly report any Input Tax Credit (ITC) related to these purchases in your GSTR-3B, even if the purchase itself isn't directly shown. Invoices are issued for both sales and purchases in this scenario.

The purchase have invoice or not?
Yes invoice is issued for the purchase

There is np concept in GST  of payment by cash/bank.

There is no concept in GST  of payment by cash/bank.

 

Whether purchase is required to be shown in gst 3b for invoice issued by us? we issue invoice for sale and purchase both.

purchase is not required to be shown in GSTR3b rather ITC involved if any will have to be depicted.

 

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