How To Sell Gold: 3 Things You Must Know

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How To Sell Gold: 3 Things You Must Know

In the first instance, GST wouldn’t apply to jewelry and numismatic coins, since they aren’t considered investment grade gold. For a metal to be considered taxable under the GST Act, it must possess the character of that particular metal and not a different character, such as jewelry. This means that such precious metal must possess a specified fineness, apart from being in an investment form.

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