👍👍 Things to Remember while Purchasing Gold Jewellery 👍👍

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The Indian government has proposed significant changes to the GST rules for gold gst rate in the coming years. GST on gold will be calculated as a fixed percentage of 4%. This is different from the current system where the Gold GST rate is calculated based on the weight and purity of the gold sold. In addition, the government has proposed to introduce a new e-invoicing system in gold shops. This system is designed to simplify the invoicing process and make it easier for businesses to comply with GST regulations. Under this system, gold dealers and jewelers have to generate e-invoices for all gold transactions, which are then uploaded to the GST portal for accounting purposes.

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