Question And Answer | |
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Subject: | gst on old gold exchange |
Category: | GST |
Querist: | kollipara sundaraiah |
Answered by: | Law Intern |
Tags: | adjustment of GST paid, GST on jewellery |
Date: | July 13, 2025 |
sir,
GST is payable only on the net value of new jewel after deducting the value of the old jewel or gold coins or gold bars handed over to the jeweller along with gst on making charges of the new jewel. If in the invoice, the jeweller has charged gst on the entire value of new jewel purchased irrespective of the gold handed over to him, you will have to file a complaint against him with the consumer forum and also the GST authorities.
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