One of gst registered composite scheme dealer trading a jewellery business.
Dealer sales of jewellery rs.30,000/- value to URD persons(consumer).same consumer old jewellery rs.10,000/- value received .
Question;
1.Above transactions sales of jewellery value rs.30,000 or 20,000/-
2.Old jewellery purchases from URD person RCM as per sec9(4) applicable or not.
1. GST will be applicable on full value of transaction viz Rs 30,000/-
2. The sale of jewellery by customer to jeweller is not in the course or furtherance of business and therefore will not be regarded as supply as per Sec 7(1)(a) of the CGST Act, 2017 as per clarification issued by Govt. Anyways Section 9(4) is also not applicable here as currently said section applies on supplies from URD to builder (promoter).
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