Sale of old jewellery will attract 3 per cent GST

[ahlam1399]

http://img-s-msn-com.akamaized.net/tenant/amp/entityid/BBEfCAH.img?h=100&w=100&m=6&q=60&o=f&l=f&x=358&y=247The revenue secretary explained further that purchase of old jewellery by a jeweller will be chargeable at 3 per cent GST under the reverse charge mechanism. So, if old jewellery worth Rs 1 lakh is sold, 3 per cent GST or Rs 3,000 will be levied on the transaction.

أكثر... (http://www.msn.com/en-in/news/other/sale-of-old-jewellery-will-attract-3-per-cent-gst-hasmukh-adhia/ar-BBEj7Vv?srcref=rss)