My spouse owns a gold bar worth 30 grams. Now she has decided to convert that gold bar into gold chain + gold pendent.
And it will be exclusively used for personal wear.
Query
Whether GST paid to goldsmith on conversion can be claimed as ITC for her proprietorship business i.e. business of boutique?
Note: Gold bar was purchased from business drawings 3 years back when GST was not introduced.
CAclubindia
