GST effect on Gold Jewellery

Before the GST was implemented in India, a potential buyer of gold/gold jewellery had to pay 1.2% VAT along with 1% excise duty and 10% customs duty for the procurement of gold. The GST council has decided a rate of 3% of GST on gold, thus, Value Added Tax (VAT) and Excise Duty have been […]

from TaxGuru http://bit.ly/2DgrAUp
via gqrds

Comments

Popular posts from this blog

Compliance Manual for F.Y.2019-20 (A.Y. 2020-21)

GST ON TOUR OPERATORS AND AIR TRAVEL AGENTS

Consequences of incorrect invoice details uploaded while filing GSTR 1