While purchase of new ornaments(including Gold) will attract GST of 3 per cent, when a customer opts to exchange old jewellery for new, the jeweller at time of purchase has to pay a reverse charge of 3 per cent to the government, since the buyer is an unregistered dealer and GST is on supply.
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@ M.M. Sachora :
RCM on inward supply from UrD is deferred to 30/09/2019 & As per New Amendment Act 2018, the council will specify the Goods & taxpayer on whom RCM of 9(4) will applicable.
Hence purchase from URD will cover under Exempted purchase & if it's being purchased from Registered dealer , GSt is levy @ 3%
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