trackliveprice
Gold rate today

Gold wastage charges calculator

With 8% wastage and 6% making on 22K gold, each gram of jewellery costs about Rs 15,063.69 including GST, against Rs 12,828.90 for the metal alone.

True cost per gram of jewelleryRs 15,063.69
Weight billed with wastage10.800 g
Wastage chargeRs 10,263.12
Making chargeRs 7,697.34
Total with 3% GSTRs 1,50,636.94
Premium over the gold rate17.42%

Wastage (or VA) is a jeweller's pricing practice, not a law; ask for it in writing. GST 3% of the total value per the CBIC FAQ.

Results update as you type. Nothing you enter is stored.

How it works

Some jewellers, especially in South India, bill a wastage or value addition percentage: you pay for more gold than the piece weighs. This is a pricing practice, not a legal requirement. Adding it to making and GST gives the true cost per gram, which you can compare across shops.

Formula

Cost = weight x (1 + wastage) x rate + making; total with GST = cost x 1.03

Frequently asked questions

What is wastage in gold jewellery?

An extra percentage of gold a jeweller charges for, said to cover loss in making; it is a pricing practice.

Is wastage the same as making charge?

No; some shops charge both, some only one, so compare the total per gram.

Is GST charged on wastage?

GST of 3% applies to the total transaction value of the jewellery.

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.