Keeping old stock in jewellery shop is correct ? and selling gold by current price


Udhay Mano   21 May 2019

Udhay Mano

 2 points

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Hi

I am doing jewellery business.

My Doubt is keeping Old stock in retail shop is correct ? and i Am selling gold ornament by current price with GST 

Example 

old gold price was 1600 per gram at the time of purchase but today rate 3015 so i am paying tax for both 1600 and  1415 

Here my doubt is      whether it is correct procedure ? is it correct keeping old stock in  retail shop ?




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