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Further clarification on tax in reverse charge on gold ornaments;

Goods and Services Tax - GST - Dated:- 14-7-2017 - Sale of old jewellery by an individual to a jeweller will not make the jeweller liable to pay tax under reverse charge mechanism on such purchases; However, if an unregistered supplier of gold orname .....

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ll be subject to GST @ 3% under reverse charge mechanism in terms of the provisions contained in Section 9(4) of the CGST Act, 2017. On further examination, it is felt that the issue needs to be clarified. Section 9(4) of the said Act mandates that t .....

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nism. This provision, however, has to be read in conjunction with section 2(105) read with section 7 of the said Act. Section 2 (105) defines supplier as a person supplying the goods or services. Section 7 provides that a supply is a transaction for .....

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