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 ????
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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
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