Understanding GST on Gold Jewellery in India: Key Facts

Learn about the 3% GST on gold jewellery in India, including making charges and state taxes.

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The GST on gold jewellery in India is 3%. In addition to the 3% GST, a making charge and applicable state taxes may also apply. It's essential to factor these costs when purchasing gold jewellery.

FAQs & Answers

  1. What is the GST rate for gold jewellery in India? The GST on gold jewellery in India is 3%.
  2. Are there additional costs when buying gold jewellery? Yes, in addition to the GST, you may incur making charges and state taxes.
  3. How does GST affect the price of gold jewellery? GST increases the overall cost of gold jewellery by adding a 3% tax to the purchase price.
  4. What should I consider when purchasing gold jewellery in India? Besides GST, consider making charges and any relevant state taxes to get a full cost overview.