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Gold business can opt composition scheme
Dear Sir, I have a business of Gold trading, turnover below 1.5 crore. Can I register under GST as a composition taxpayer.pls.and composition GST rate on Gold.
Replies (7)
Quick Summary
Yes, Gold Business can opt Composition Scheme...
Tax Rate @ 3%
Tax Rate @ 3%
Gold business can opt for composition
scheme.
scheme.
Dear sir, rate of composition scheme on gold
| Originally posted by : sabyasachi mukherjee | ||
 |
Gold business can opt for composition scheme. |  |
Mr Sabyasachi.,
Please reply to the query from Mr Tapas Samadder if You have any details except my reply as above....
Tapas Samadder (108 Points)
Replied 19 August 2023
Dear sir, rate of composition scheme on gold
Read more at: https://www.caclubindia.com/forum/details.asp?quote=2347033&mod_id=601934#reply
Dear Sir, if I opt composition scheme @ 3% , am I able to claim ITC. pls..
No... ITC not available under Composition Scheme...
Dear Raja sir, 3 % GST rate is not Composition rate on Gold , If I opt 3% GST rate- 1.5 cgst and sgst each, I able to claim ITC.
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