is gst applicable on lac bangles and
if it is then how should one maintains his books of account? Please solve my query
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is there any slab of 3% gst
Replies (6)
Yes !
There is 3 % GST on GOLD, SILVER & PROCESSED DIAMONDS.
There is 3 % GST on GOLD, SILVER & PROCESSED DIAMONDS.
so how can i mange my books of accounts
but i am talking about lac bangles
On Lac (as a Raw Material ) GST will be NIL under HSN CODE : 13011000,
But For Lac Bangles, you can take in HSN CODE : 71171910 or 71179000 as an Imitation Jewellery GST @ 3 % will be applicable.
But For Lac Bangles, you can take in HSN CODE : 71171910 or 71179000 as an Imitation Jewellery GST @ 3 % will be applicable.
and the day to day accounting will be necessary??
You can do, which is suitable to you.. But I think day to day will be more convenient to maintain the stock...
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