ITC on gold purchase is not allowed if it is for personal use. As per Section 16(1) of CGST Act, ITC is available only for business use. If gold is purchased for business purposes and reflected in GSTR-2A, ITC may be eligible, otherwise it is blocked.
According to the Provision of Section 16(1) of the CGST Act 2017, ITC can be claimed only on those expenses which are in the course or furtherance of business.
Since you have purchased gold for Personal Consumption, you cannot claim ITC.
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