A registered jewellery business dealer purchase of old gold jewellery from registered and sell same after polishing and cleaning.
question:
dealer above transaction margin scheme or normal scheme selling treatment in gst act
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Old gold jewellery for gst
Replies (3)
He has to charge gst.
Margin Scheme is only for those taxpayers who are engaged in sale purchase of 2nd hand goods.
Reference: Rule 32(5) of IGST Act
Reference: Rule 32(5) of IGST Act
There is another provision in rule 32(5)
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