What is the GST rate on jewellery making charges (SAC 998892) ?
Can a Goldsmith (who makes jewellery but doesn't sell) opt for composition scheme ? if yes, then what will be the GST rate ?
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What is the rate of GST on jewellery making charges ?
Replies (7)
Quick Summary
18 %. yes opt for composition scheme.then gst rate is 6%
18%in regular scheme
Is there any option to claim ITC for Goldsmiths (Jewellery makers, not sellers) ? If yes, then from which items they can claim ITC ?
GST RATE ON SAC CODE - 998892 IS 18%
Yes composition scheme can be opted
Yes composition scheme can be opted
But in case of job work of registered customers, the GST rate is 5%. Am I right?
Yes you are right
Also tell me, can a Goldsmith (Jewellery maker, not seller) claim ITC in regular scheme? If yes, then on which items ITC should be claimed?
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