Impact of GST on Gold? Previously, customers had to pay 1% service tax in addition to 1% VAT. As a result, customers had to pay a total of 2% extra and above the selling cost of purchased jewelry. However, with the implementation of GST, all other taxes were discarded. And, the go...
Randall, Stephanie
What is the Gold GST? Gold is subject to a 3% GST. Nevertheless, the production fees for gold that can transform into decorations and jewellery are subject to a 5% GST. What is inclusive GST? Upon including the goods and services tax amount in the actual cost, the entire worth of a co...
With all the new regulations, it seems that the model GST law including the TCS (tax collection at source) clause can prove harmful for the companies as the clause demands the tax remitted should be deposited to the government on the behalf of sellers which is considered a very tedious task...
Any person/agency, who is not a direct member of the stock exchange, who acts on behalf of a stockbroker, assisting in buying, selling, or dealing in securities, is identified as an agent. An agent provides services to both stockbroker and investor. An agent needs to complete the due dili...
'A' goes to a Jeweller to sell his gold ring for say Rs.20000/-. Now if the Jeweller sells that gold ring to another person 'B' for say Rs.25000/- the valuation rules says that the value of such supply will be Rs.5000/- and GST has to be paid on Rs.5000/- which is 3% at...
In this step, I will add the additional section to add comments and signatures. Firstly, create a section on the right side of the GST section for adding Comments and Terms and conditions. Secondly, write yourcommentsas you want. In the following picture, you can see that I have added mi...
The Federal Government has introduced new goods and services tax (GST) law for precious metals in response to alleged fraud taking place in the gold trading industry.
Highly important for the base metals also important for Crude oil and gold. Technical Analysis What is dragonfly doji? A Dragonfly Doji is a reversal candlestick pattern, mostly form in the bottom of the trend. Economic Data China GDP impact on the market Today’s china data: Actual >...
However, with buying, selling, mining, forking and other crypto activities becoming popular, the ambiguity aroundcrypto taxesis also multiplying. Do I need to pay taxes on my income from crypto trading? Do I need to report my crypto trades in my ITR?