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RCM applicable on Gold Jewelry

Bhavin (accountant) (18 Points)

09 September 2019

please tell me RCM IS APPLICABLE ON GOLD JEWELRY

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Arunodhayam Arumugam (17 Points)
Replied 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) (23683 Points)
Replied 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.

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