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MAKING CHARGE
Gold rate ₹ 3000 per Gram.Total weight to sold 10 Grams.Total Value before Tax ₹ 30000.Add ₹ 1500 as making charges.How much GST and rate of tax applicable.Which rate in Gold ornaments and which rate in Making Charges.
Replies (7)
As per Section 8 of CGST Act
Can charge @ 3 % on Goods & Services as Jewellery being Principal supply under Composit Supply
Can charge @ 3 % on Goods & Services as Jewellery being Principal supply under Composit Supply
It is a Regular taxpers
yes Regular taxpayer.
it's composit supply , means a ,supply consist of 2 or more supplies of goods or services or both ,, one of which is principal supply.
Note : don't mix the composit supply with Composition dealer makes supply.
Refer section 8 & 2(3) of CGST Act
it's composit supply , means a ,supply consist of 2 or more supplies of goods or services or both ,, one of which is principal supply.
Note : don't mix the composit supply with Composition dealer makes supply.
Refer section 8 & 2(3) of CGST Act
Ok thanks for sharing the valuable information.
Sir that means there is no separate GST Rate on Making Charges of Gold ornaments ???
The 3% GST Rate on Gold will also be applicable for making charges on the principle of Composite Supply ???
The 3% GST Rate on Gold will also be applicable for making charges on the principle of Composite Supply ???
Yes.......correct
Thank You Sir for the clarification
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