Gst on jewellery sales

I am a jewellery seller.i have sold jewellery in b2b transitions.many times I received the consideration in form of bullion in lieu of sale of jewellery.and many times in cash.how will the transation of receipt of bullion will be calculate under gstWill there be gst on sales of jewellery be considered only and receipt of bullion in lieu of consideration will not be considered under gstWill there be separate gst on sale of jewellery and reverse charge on receipt of bullion by the seller of jewellery. I mean will jewellery send will be considered as sales and receipt of bullion as purchase(both as separate transation or single transaction)Is receipt of bullion against jewellery sales is considered as non monetary or as exchange
Replies (1)

Receipt of bullion as consideration could be treated as a supply for the other party provided he is a registered dealer or if he is liable to get registered.

For you, the receipt of bullion is a non monetary consideration and you have to value your jewellery sold at open market value in terms of rule 27 of the CGST rules. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details