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https://www.servicetax.gov.in/htdocs-cbec/gst/sectoral-faq-gems-jewellery.pdf
Jewellery to the end consumer (Customer) like a Gold Chain weighing10gm at a total value of Rs. 30,000/- (gold value is Rs. 28000/- and making charges on that gold chain is Rs 2000/-), can we charge GST @3% on the total value or @3% on the gold value and @5% on making charges? Answer: GST is payable at the rate of 3% of the total
https://vermajewelry.com/taxes-on-pre-owned-jewelry/
If you owned the jewelry you sell for more than a year, you pay a long-term capital gains tax. The tax rate will be 0, 15 or 20 percent depending on your filing status and taxable income. Is Inheritance or Gifting a Factor? It’s generally irrelevant to the IRS who made the actual purchase.
https://taxguru.in/goods-and-service-tax/gst-guide-jewellers.html
Jul 05, 2017 · Further, as per notification no. 10/2017 (CT and UT Act), dated 28 June 2017, local purchase of second hand goods by a registered dealer (Jeweller in this case) is exempt from tax provided the dealer pays tax at the time of resale on the value determined as per Valuation rules. As regards the tax on the sale of new jewellery in return for the ...
https://valuersonline.com/jewellery-Valuation.html
VOC is operated by P.K. Pakhawala, a professional Jewellery Valuer offers a truly Valuation quick service. Swift and professional valuations for all purposes. work carried out at voc office, your home/business or through Jewellers who provide VOC service. All Valuations are presented as a quality package containing extensive detail and include ...
https://thetaxtalk.com/2021/07/17/gst-concessions/
Jul 17, 2021 · 9.5 In view of the applicant satisfying both the aforesaid conditions, the valuation of the supply of second hand jewellery may be made as prescribed in sub-rule (5) of rule 32 of the Central Goods and Services Tax Rules, 2017.
https://www.servicetax.gov.in/Cbec_Revamp_new/htdocs-servicetax/ecs-st/valuation/valuation-ecs-cases-idx
Service Tax under section 67 is leviable on the gross value of the photographic service which included the value of chemicals and components consumed on the process . 4. 201 (1) ECS (183)(Tri-Del) M/s Royal Jordanian Airlines
https://thetaxtalk.com/2021/07/23/gst-on-second/
Jul 23, 2021 · 9.5 In view of the applicant satisfying both the aforesaid conditions, the valuation of the supply of second hand jewellery may be made as prescribed in sub-rule (5) of rule 32 of the Central Goods and Services Tax Rules, 2017.
https://taxguru.in/goods-and-service-tax/gst-provision-effect-gold-jewellery.html
Aug 20, 2020 · Gold jewellery is classified under chapter 71 and GST is payable @3% on gold. REVERSE CHARGE MECHANISM APPLICABILITY ON OLD GOLD JEWELLERY – There had been a lot of confusion regarding the applicability of the reverse charge mechanism in case the jeweller purchases old gold jewellery from the customer.
https://www.pwc.in/assets/pdfs/services/tax/indirect_news_alert/2018/pwc_news_alert_14_march_2018_sc_holds_that_no_service_tax_is_payable.pdf
Section 67 of the Finance Act, 1994 (the FA, 1994) deals with the valuation of taxable services for the purpose of levy of service tax. Further, the Service Tax (Determination of Value) Rules, 2006 (the Rules) were also issued, to specify inclusion or exclusion of various amounts in the value of taxable services. The assessee had challenged
https://economictimes.indiatimes.com/wealth/tax/Tax-Queries-Is-jewellery-received-as-gift-taxable/articleshow/57766305.cms
Mar 22, 2017 · Dilip Lakhani, Senior Chartered Accountant, answers the queries on income tax from our readers. My friend received some jewellery as gift from her father when she was married in December 2014.Since gift from a relative is tax exempt, is she required to show the value of jewellery in her income tax return? Should there be a gift deed? The gift received by your friend from his/her father is …
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