CGR Gold Trading ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Kerala
- Date:
- September 16, 2019
- Type:
- Advance Ruling
- Members:
- Krishnan, Thyagarajababu
Subject
Quality testing and certification of gold ornaments are covered under SAC 998346. 18% GST applicable.
Summary
i) The tax liability of the applicant; the rate of tax for the services rendered by the applicant on quality testing and certification of gold ornaments. The quality testing and certification of gold ornaments are covered under Service Classification…
Judgement
The applicant is engaged in the business of conducting fire assay testing. Fire assaying is one of the industry standard process for testing gold purity for the purpose of awarding purity certificates. 24K gold converted into 22K gold for the manufacture of ornaments. 22K gold normally contain 91.6% of bullion and 8.4% of other metals like copper. Fire assay test is conducted to know the percentag…