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Branded bowl of fresh fruits to face 5% GST

India Business News: The Karnataka Authority for Advance Rulings (AAR), which passed this ruling, did not deal with an instance of fruits served in a hotel, but fruits sup ....

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GST payable only on profit earned from resale of gold jewellery

GST payable only on profit earned from resale of gold jewellery
IANS
19 July 2021

The ruling was made in reference to the application filed by Aadhya Gold Pvt Ltd seeking clarity whether goods and services tax (GST) is to be paid only on the difference between the selling price and purchase price as stipulated under Rule 32(5) of CGST Rules, 2017, if the applicant purchases used or second-hand gold jewellery from individuals and there is no change in the form or the nature of goods at the time of sale.

The AAR noted that the GST is payable only on the margin between the sale price and the buying price, as the applicant was not changing the form of the jewellery to bullion and then to new jewellery, but was only cleaning and polishing it without changing its nature and form. ....

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Good news for jewellers! GST now payable only on profit earned from resale of gold jewellery

Good news for jewellers! GST now payable only on profit earned from resale of gold jewellery
india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.

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GST payable only on profit earned from resale of gold jewellery

GST payable only on profit earned from resale of gold jewellery
prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.

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Home-owners contribution of over Rs7500 per month to corpus fund of housing society is taxable: Karnataka AAR

Home-owners contribution of over Rs7500 per month to corpus fund of housing society is taxable: Karnataka AAR
moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.

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