rcm on old jewellery applicable
or not
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RCM on old jewellery
Replies (13)
Not Applicable If Purchase from individual & HUF
Not applicable.........
Not applicable as of now (as per govt). But if we read law, it is applicable. So if we talk about future the govt may make it taxable under RCM
It is earlier taxable but Govt by notification exempt it....
So no chances to change in future.
Ms Rashmi Gandhi, it would be great if you can provide the notification number?
https://www.google.co.in/search?hl=en-US&ie=UTF-8&source=android-browser&q=no+gst+on+old+jewellery&gfe_rd=cr&ei=Du2BWbGlHOvy8AfXmYHIAw&gws_rd=ssl#gfe_rd=cr&gws_rd=ssl&xxri=3
I dont find any notification in this regard. A press release or statement does not constitute law. If there is any legal reference please provide.
Check Notification No.10/2017-Central Tax (Rate) dated 28 June 2017
Thank you very much.
Welcome.......
if the registered dealer purchases it from a unregistered person, who is not in any jewllery business, then tax on rcm, howerer if such person purchases from an unregistered dealer, engaged in business, then tax charged on rcm basis
THANKS TO ALL
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