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Sale of Old Jewellery by an individual to a Jeweller will not make jeweller liable to pay Tax under RCM, says Finance Ministry
However, if an unregistered supplier of gold ornaments sells it to registered supplier, the tax under RCM will apply. In the GST Ki Master Class...
![RCM not applicable to Intra-State Supply of Goods & Services below the value of Rs. 5000 by an Unregistered Person to a Registered Person [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/06/Reverse-Charge-Mechanism.jpg "RCM not applicable to Intra-State Supply of Goods & Services below the value of Rs. 5000 by an Unregistered Person to a Registered Person [Read Notification]")
![IGST: RCM Applicable to Supply of Lottery, Cashew Nuts, Silk Yarn, Bidi Wrapper Leaves etc [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/06/Lottery-Cashew-Nuts-Silk-Yarn-Bidi-Wrapper-Leaves.jpg "IGST: RCM Applicable to Supply of Lottery, Cashew Nuts, Silk Yarn, Bidi Wrapper Leaves etc [Read Notification]")
