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Is jwellery business a manufacturing entity??

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1359 Points Joined October 2021
is jwellery business a manufacturing entity?? and does they need to prepare a manufacturing account??
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On 13 February 2023 at 12:12 Report
Replies (6)
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SEO Sai Gr. Hosp.
211557 Points Joined July 2016

Unless raw gold is purchased & converted to jewelry, it will be just trading.

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On 13 February 2023 at 12:35
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Chartered Accountant
86505 Points Joined April 2011
Whether you are making jewellery or only buying and selling it ???
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On 13 February 2023 at 18:49
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GST Consultant
15986 Points Joined March 2013
If you are purchasing raw material and then transforming it into Jewellery by yourself or through job work then you are manufacturer. Else if you are buying and selling jewellery as it is or after minor adjustments then it will be classified as trading with small elements of services.
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On 13 February 2023 at 19:17
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Profession Business
28196 Points Joined May 2017
Jewellery business only buying and selling..
If you manufacture then there is something to add value.
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On 14 February 2023 at 09:16
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1359 Points Joined October 2021
Thankyou so much sir/ma'am
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On 14 February 2023 at 15:03
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Chartered Accountant
86505 Points Joined April 2011
Welcome Dear 🤗
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On 16 February 2023 at 20:47

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