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RCM applicable on Gold Jewelry

RCM 1105 views 3 replies
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accountant
18 Points Posted on 09 September 2019
please tell me RCM IS APPLICABLE ON GOLD JEWELRY
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On 09 September 2019 at 22:43 Report
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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
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On 10 September 2019 at 12:35
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Student
23693 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.
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On 10 September 2019 at 20:33
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GST Practitioner
55067 Points Posted on 10 December 2019

No......no RCM is applicable on gold 

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On 10 December 2019 at 23:32


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