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GST on gold purchase
If a buying 8 grams of new gold by exchanging 2 grams of old and paying balance by cash.. How is gst calculated?Should I pay gst only for 6 grams (8 - 2=6)..?Please help... Thank you..
Replies (7)
GST will be charged on the whole 8 grams
Gst will always be changed . gst is levuable.
Thank you
As per valuation rule GST will levy on 8 gms
GST liability will be on 8 grams
Thank you
This is not as per valuation rule. On old gold gst is already charged.So no point in charging again on 2 grams.
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