My client ( who is service provider. exhibition and show ) purchase gold with 3% gst , should he liable to take GST set off on gold purchase ????
Menu
Gst input on gold
Replies (5)
yes input can be availed on golds
No.. itc cannot be claimed
Purchase for personal consumption - No
purchase for furthernace for business - Yes
purchase for furthernace for business - Yes
Since Gold Is under a special 3%GST slab, it is advised that no ITC is availed by a company or an individual for the same.
Hey! As I see, there is a lot of people which understand something in gold trading here. Can someone give me an advice? I want to trade gold, but I don't know where to find it. One of my friends said that there are a lot of companies which can provide such a service. But I want to know more about gold before it. I searched information on this site and found a lot of interesting information. Even a review on different precious metals. It looks convincing, but I don't sure if it's real. Can someone here tell me?
A review I was talking about: iragoldadvisor.com
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
