Gold GST Calculator — 3% on Gold + 5% on Making Charges
Live Rates AppliedCalculate the exact GST amount on any gold or silver purchase in India. Enter the metal value and making charges to see the complete tax breakdown — exactly as it appears on your jeweller's GST invoice.
GST Calculator
GST Rate Table — Gold, Silver & Related Products
| Product / Service | HSN / SAC | GST Rate | CGST | SGST |
|---|---|---|---|---|
| Gold jewellery | 7113 | 3% | 1.5% | 1.5% |
| Gold bars & coins | 7108 | 3% | 1.5% | 1.5% |
| Gold dore / ore | 7108 | 3% | 1.5% | 1.5% |
| Silver jewellery | 7113 | 3% | 1.5% | 1.5% |
| Silver bars & coins | 7106 | 3% | 1.5% | 1.5% |
| Making / fabrication charges | 9988 | 5% | 2.5% | 2.5% |
| Gemstones (precious) | 7102–7104 | 0.25% | 0.125% | 0.125% |
| Gold ETF / SGB (financial) | — | Exempt | — | — |
Understanding GST on Gold Purchases
GST Invoice — What to Check
A valid GST invoice from a jeweller must show: GSTIN of the seller, HSN code (7113 for jewellery), the gold value and making charges as separate line items, and the GST amounts separately. Always insist on a GST invoice — it protects your purchase and enables returns/exchanges.
Effective Tax Rate Example
For 10g 22K gold jewellery at today's rate with 15% making charges:
Metal value: ₹1,35,182
Making (15%): ₹20,277
GST on metal (3%): ₹4,055
GST on making (5%): ₹1,014
Total GST: ₹5,069 (effective 3.3% of total)
Selling Gold Back — No GST Refund
When you sell gold to a jeweller or gold buyer, you do not receive a refund of the GST you paid when buying. GST is a one-way cost on purchase. However, capital gains tax may apply on the profit from sale (LTCG at 12.5% after 24 months holding, with indexation).
FAQ — GST on Gold India
3% GST (CGST 1.5% + SGST 1.5%) applies on gold jewellery and gold bullion (bars, coins). 5% GST applies on making charges. The combined effective tax on a typical jewellery purchase works out to approximately 3.3–4.5% of the total invoice value.
Yes, 3% GST applies equally to gold jewellery, gold bars, and gold coins. However, making charges (5% GST) only apply to jewellery, not to bullion bars and coins sold without fabrication charges.
Silver attracts 3% GST — same as gold. Silver jewellery making charges also attract 5% GST. Silver bullion bars and coins are taxed at 3% GST.
Individual buyers (end consumers) cannot claim ITC. Registered jewellers and businesses can claim ITC on GST paid on gold purchases for business use. Jewellers must file GST returns (GSTR-1 and GSTR-3B) monthly/quarterly.
Before GST (pre-July 2017), gold attracted 1% VAT + 1% excise duty + 1% service tax on making — approximately 2–3% total. Post-GST, the effective tax is 3% on gold + 5% on making, which is slightly higher but more transparent and uniform across states.
HSN 7108 covers gold (including gold plated with platinum), unwrought or in semi-manufactured forms — 3% GST. HSN 7113 covers articles of jewellery — 3% GST. SAC 9988 covers making/fabrication services — 5% GST.