Purchase and sale for jewellery business dealer

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B.com
3025 Points Posted on 10 April 2023
A registered jewellery business dealer purchase of gold jewellery from daily market different price rates and sale of jewellery to all customers for daily fixed price rates .
question:
dealer above mentioned transaction allowed in gst act
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On 10 April 2023 at 13:09 Report
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Quick Summary
This discussion clarifies whether a registered jewellery business dealer can purchase gold jewellery at fluctuating market prices and sell it to customers at fixed daily rates. The consensus is that such transactions are permissible under the GST Act, as there are no specific legal restrictions preventing this business model. These activities are considered valid supplies within the GST framework.

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Chartered Accountant in Practice
1260 Points Posted on 10 April 2023

Yes, you can do this as there is no restriction under the law.

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On 10 April 2023 at 17:29
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GST Practitioner
55067 Points Posted on 11 April 2023
Yes........... it's an supply .
1 Reply
On 11 April 2023 at 00:03

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