banner_ad

reverse charge on old gold jewellery

RCM 726 views 5 replies
User Avatar

ACCOUNTANT
1 Points Posted on 07 September 2017
I am a gst regular dealer I purchased old gold jewellery what tax paid reverse tax and what limit
Reply Share Follow
On 07 September 2017 at 15:59 Report
Replies (5)
User Avatar

1464 Points Posted on 07 September 2017
If you have purchased old gold from a customer you need not to pay GST under RCM. But if you are buying from un registered dealer you are to pay GST @ 3% under reverse charge and ITC for the same is available to you.
4 Reply
On 07 September 2017 at 16:26
User Avatar

accountant
953 Points Posted on 07 September 2017
if your purchase in a day is less than 5000 rs.. then no GST

if more than 5000, gst @ 3%
1 Reply
On 07 September 2017 at 16:28
User Avatar

1464 Points Posted on 07 September 2017
What is the meaning of 5000. in this case
4 Reply
On 07 September 2017 at 22:52
User Avatar

accountant
953 Points Posted on 07 September 2017
example
on date 1.7.17 you purchased from urd rs 6000
then gst payable on 6000 rs
if purchase from urd is4999 rs.
then no gst payable
1 Reply
On 07 September 2017 at 23:25
User Avatar

20 Points Posted on 05 October 2019
If I'm buying 100000 old gold from customer then what happen
Reply
On 05 October 2019 at 23:21


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details