Gst rates

Rate / HSN codes 102 views 1 replies

Kalpesh Mutha

B.com F.C.A C.S

239 Points Joined June 2010

Hi,

Can you guys please helo me with the correct GST rates for the below mentioned scenario.

A is a gold jewellery trader and also does job work. He receives Goods from manufacturer for job work. A then sends these goods to another job worker and gets the work done. Finally A sends the goods back to the manufacturer.

What rate of GST should A charge to the manufacturer

1. @ 5% (For Gold Making charges) or

2. @ 18%

Replies (1)

Vinod Babu

24196 Points Joined May 2018

Now gold has a making charge of 5%.
GST council had earlier decided 18% for gold making charges.
The tax on the making charge was then reduced to 5% due to concerns raised by various groups.