Gold Jewellery Profit Margin In India

Gold Jewellery Profit Margin In India. So there is a long time transiti. Buy BIS mark gold for safe deal.

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Jewellers to pay GST only on profit earned from resale of second-hand jewellery, says AAR The Karnataka bench of Authority for Advance Ruling (AAR) observed that GST is payable only on the margin. Find here a comprehensive guide on the best way to get the Tanishq franchise such as the franchise cost, profit margin, and contact particulars. Then, the broker passes on the diamonds to retail.

ICRA further said that jewellery demand (in value) has fallen in recent years triggered by declining prices and weak economic sentiments.

GST now payable only on profit earned from resale of gold jewellery.

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All that glitters is not gold in jewelry retailing. Making, polishing, design charges are source of profit. In a major relief for jewellers, the Karnataka Authority for Advance Ruling (AAR) has held that in case of resale of second-hand gold jewellery, jewellers have to pay GST only on the profit earned from such sale.