Tax Calculator
Gold GST Calculator (India)
Calculate the GST (Goods and Services Tax) on gold jewelry purchases in India. 3% on the gold value, 5% on the making charge.
- Gold Value (ex-GST)
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- Making Charge
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- GST on Gold (3%)
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- GST on Making (5%)
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- Total GST
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- Invoice Total
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Rates as of Budget 2024: 3% GST on gold value, 5% on making charges. Not tax advice.
Frequently Asked Questions
What is the GST rate on gold in India?+
3% GST on the gold value (based on karat purity and weight). 5% GST on making charges. These rates apply since the July 2017 GST implementation.
Is there GST on imported gold in India?+
Imported gold also attracts import duty (6%) plus 3% GST. The import duty and GST are applied on the landing price (CIF value).
Can I claim GST input credit on gold jewelry?+
Businesses registered under GST can claim input tax credit on gold used in manufacturing. Retail buyers (end consumers) cannot claim ITC.
Is there GST on second-hand gold?+
Yes. Even for second-hand gold jewelry sold to registered dealers, 3% GST applies on the margin (not the full value) under the margin scheme.
What is the GST on gold coins and bars?+
Gold coins and bars attract 3% GST. Making charges don't apply. For gold coins with face value, GST is on the transaction value.