We are in business of Gold sale / purchase
Now we want to give the Stock of Gold on interest basis to someone on interest basis for two years. and receive the interest @ 5%
As per GST Rules can we do this transaction ?
If yes, then clerify under which section / rule ?
What would be GST provisions or liabilities ?
Interest would be covered under GST forward charge basis or RCM BASIS ?
AWAITING
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GST liabilities on Gold
Replies (1)
Gst liabilities on gold . gold trading. gst registration.
provided it exists sec 22 of cost act.
otherwise separate.
provided it exists sec 22 of cost act.
otherwise separate.
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