Скачать или смотреть How much gst is charged on gold purchase?

Don’t let others fool you!!

The gold used is considered goods and making charges or value addition is towards job work.

Since the principal supply is the sale of gold, the GST rate of 3% shall be levied instead of 5% on the total value of jewellery, whether or not making charges is shown separately.

The CBIC has clarified this in its sectoral FAQs on what is the GST on gold, including GST on gold rate.

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