My client (GST Registered) is dealing in purchasing & selling old gold jewellery (2nd hand jewellery).
They purchase Old Gold Jewellery from unregistered person and then sells it to customer after minor repairs & polish (No change in the form and nature of goods).
1.) How much GST he should pay ?
(Full Sale Value or Difference b/w purchase price & selling price)
2.) How to invoice such sale? (Plz. give an example)
3.) How much would be his turnover in GST ? (Sale Value or Difference)
Kindly help.
I shall be very thankful.
Menu
GST on Sale of Old Gold Jewellery(2nd Hand)
Replies (2)
Quick Summary
1. on sale value
2. Actual sales invoice
3. Aggregate sales.
Thank you for your reply Sir Dhirajlal.
Recent Topics :
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
Related Topics :
CAclubindia
