Gold GST calculator
Jewellery worth Rs 1,00,000 with Rs 10,000 making attracts GST of Rs 3,300.00, 3% of the total value. If a registered job worker bills making separately, choose job work.
Results update as you type. Nothing you enter is stored.
How it works
The CBIC Sectoral FAQ on gems and jewellery says GST is payable at 3% of the total transaction value of jewellery, whether the making charge is shown separately or not (Q7). When you give your own gold to a registered job worker, the job worker pays GST at 5% on the job charges only (Q8).
Formula
Jewellery: GST = 3% x (gold value + making); job work: GST = 5% x job charges
- Source: CBIC Sectoral FAQ, Gems and Jewellery, hosted by the GST Council (gstcouncil.gov.in).
Frequently asked questions
What is the GST on gold jewellery?
3% of the total transaction value, including the making charge.
Is GST charged separately on making charges?
Not when the jeweller sells finished jewellery: the 3% applies to the whole value. A registered job worker working on your gold charges 5% on the job charges.
Is GST charged on old gold exchange?
This calculator covers sales of jewellery; ask the jeweller how an exchange is billed.
Related
This tool is for information only and is not investment, tax or legal advice. Results depend on the inputs and assumptions you enter; check important figures with the official source or a qualified professional.