What is the applicable GST rate on the sale of gold jewellery in India?
What is the applicable GST rate on the sale of gold jewellery in India?
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The applicable GST rate on gold jewellery in India is actually split into two parts:
3% GST on the value of the gold (the metal itself).
5% GST on the making charges, which cover the labour and craftsmanship involved.
So, if you're buying gold jewellery, you’ll be taxed 3% on the gold value and 5% on the making charges separately.
Example:
If your gold jewellery costs ₹50,000 (gold) + ₹5,000 (making charges),
you'll pay:
₹1,500 (3% of ₹50,000) + ₹250 (5% of ₹5,000) = ₹1,750 total GST