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RCM applicable on Gold Jewelry

RCM 1086 views 3 replies

Bhavin

accountant

18 Points Posted on 09 September 2019

please tell me RCM IS APPLICABLE ON GOLD JEWELRY

Replies (3)

Arunodhayam Arumugam

17 Points Posted on 10 September 2019

Sale of old gold jewellery will not attract GST on exchange. However, if an unregd. supplier of gold ornaments sells it to a regd. supplier the tax will apply under RCM

Shivam RC

Student

23688 Points Posted on 10 September 2019

Currently it is not applicable.

It is not a notified Case u/s 9(3) of the CGST Act 2017. And also Section 9(4) of the CGST Act 2017 is now applicable only from purchase from Notified Person of Notified Goods. Gold is still not notified. Hence RCM not applicable.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 10 December 2019

No......no RCM is applicable on gold

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