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GST on gold purchase

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Business
35 Points Posted on 06 May 2023
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..
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On 06 May 2023 at 22:50 Report
Replies (7)
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GST Consultant
15986 Points Posted on 07 May 2023
GST will be charged on the whole 8 grams
55 Reply
On 07 May 2023 at 00:33
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Profession Business
28198 Points Posted on 07 May 2023
Gst will always be changed . gst is levuable.
44 Reply
On 07 May 2023 at 06:33
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Business
35 Points Posted on 07 May 2023
Thank you
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On 07 May 2023 at 10:47
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GST Practitioner
55067 Points Posted on 08 May 2023
As per valuation rule GST will levy on 8 gms
301 Reply
On 08 May 2023 at 00:04
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QUALIFIED CHARTERED ACCOUNTANT
613 Points Posted on 08 May 2023

GST liability will be on 8 grams

1 Reply
On 08 May 2023 at 13:03
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Business
35 Points Posted on 08 May 2023
Thank you
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On 08 May 2023 at 14:50
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Profession Business
28198 Points Posted on 14 May 2023
This is not as per valuation rule. On old gold gst is already charged.So no point in charging again on 2 grams.
44 Reply
On 14 May 2023 at 10:40


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