If a register Gold Ornament Shop , purchasing old gold Ornament from Common Person ( un registered ) and providing eqivant mony , then where to put the amount in 3B. As per my knowledge this is not comming in reverse charge.
Menu
Gstr 3b : gold ornament purchased from common person
Replies (2)
this comes in reverse charge
No sir , This will not come under Reverse charge
https://pib.nic.in/newsite/PrintRelease.aspx?relid=167405
Even though the sale of old gold by an individual is for a consideration, it cannot be said to be in the course or furtherance of his business (as selling old gold jewellery is not the business of the said individual), and hence does not qualify to be a supply
Recent Threads
- AIS NOT OPEN
- ICICI BHARAT 22 FOF AND NASDAQ 100 FOF CAP GAIN TA
- Schdule BFLA and CFL Error regarding adjustment of
- CIRCULAR WITH RESPECT TO WAIVER OF INCOME TAX OUTS
- How does opting for 44AD impact speculative income
- New GSTR 1
- Purchase and sale of land , showroom, building
- GTA provides services to unregistered person.GST i
- TDS on Sale of Ancestral property
- Tds on transport contractor
Related Threads
CAclubindia
