sale of jewellery by Banks and other financial institutions

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..... sale of jewellery by Banks and other financial institutions
Query (Issue) Started By: - P KUMARESHBABU Dated:- 14-12-2018 Last Reply Date:- 14-12-2018 Goods and Services Tax - GST
Got 2 Replies .....

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GST
sale of jewellery by bank / Nidhi companies through Auction- NPA by themselves or throgh agents. Whether GST will be applicable Reply By Rajagopalan Ranganathan: The Reply: Sir, As per S .....

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..... ection 7 (1) (a) of CGST act, 2017 "supply" includes all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be .....

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..... made for a consideration by a person in the course or furtherance of business. Therefore sale of jewellery by bank / Nidhi companies through Auction- NPA by themselves or through agents is supply and .....

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..... is liable to gst. Reply By Ganeshan Kalyani: The Reply: As per provision cited by my collegue expert the activity of outward supply of jewellery by Bank is a taxable supply.
Discussion Forum - .....

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..... Knowledge Sharing .....

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