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https://taxguru.in/goods-and-service-tax/gst-gems-jewellery.html
Jul 05, 2018 · Taxation on Gems & Jewellery: Before the implementation of GST, the Gems and Jewellery trade attracted Excise duty @ 1% and State VAT in range of 1% – 1.2% highest being 5% in the state of Kerala. It also attracted Import duty of 10%.
https://www.easycalculation.com/finance/vat-calculator-india.html
VAT is now being used by all the states and UN of India except Andaman and Nicobar Island. Standard rate varies from 12.5 to 15 % A rate of 1 % is provided for gold, jewellery, silver,platinum etc.,
https://www.goodreturns.in/classroom/gst-on-gold-how-to-calculate-gst-on-gold-and-gold-jewellery-1208855.html
Apr 14, 2021 · When purchasing gold jewellery, one had to pay Value Added Tax (VAT) of 1.2% and Excise Duty of 1% in addition to the Customs Duty. Interestingly, before the introduction of …Author: Sneha Kulkarni
https://taxguru.in/goods-and-service-tax/gst-guide-jewellers.html
Jul 05, 2017 · 3. Customer gives old jewellery and in return buys a Gold ornament worth Rs. 1,00,000. The old jewellery given by the Customer does not constitute supply under GST law. As per section 7 of the CGST Act, one of the essential elements of supply is …
https://www.bankbazaar.com/gold-rate/tax-on-gold-2016.html
Mar 16, 2016 · VAT: 1% VAT is charged on the purchase and sale of gold that are carried out in cash in Maharashtra State. Cash transactions are not good for the Economy of India and hence the government puts restrictions on purchase of gold.
https://www.mastersindia.co/gst/gst-on-gold/
Oct 31, 2020 · GST will be charged at 3% on the value of gold and the making charges. The making charges attached to the jewellery will be taxed separately under GST at 5%. When an Individual sells his/her old jewellery to a jeweller, the jeweller will not be liable to pay tax under Reverse Charge Mechanism (RCM) on such purchases.Estimated Reading Time: 2 mins
https://www.gsthelplineindia.com/blog/2017/07/06/gst-impact-on-gold/
Jul 06, 2017 · Hence, in the light of the 3 percent GST tax on gold, the prices of jewellery in India is expected to rise. Before GST, one percent excise duty was slapped on gold and around one percent was levied by most of the states as Value Added Tax (VAT). Only Kerala used to tax gold at five per cent.Reviews: 1
https://www.loanbaba.com/tax/value-added-tax-in-india.html
Value Added Tax (VAT) in India is an indirect tax on goods and services. It is payable at every stage of the supply chain i.e., from the manufacturer till the goods reach the retailer. The producer who is liable to pay VAT, does so to the state government. VAT calculation is on the basis of output tax and input tax.
https://www.avalara.com/vatlive/en/vat-rates/international-vat-and-gst-rates.html
Brazil VAT rates. Rate. Type. Which goods or services. 17%. Standard. Standard state-level VAT or ICMS varies from 17% to 25% depending on the state and the type of …
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