ARTICLE · 22 APRIL 2025

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GST Rates On Gold: 18, 22, 24 Carat & Making Charges

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Under the current GST regime in India, all gold transactions—whether for jewellery, bullion, or digital formats—are taxed under a standardized structure designed to simplify compliance and enhance transparency.

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Under the current GST regime in India, all gold transactions—whether for jewellery, bullion, or digital formats—are taxed under a standardized structure designed to simplify compliance and enhance transparency. A 3% GST is uniformly levied on the value of 18K, 22K, and 24K gold, divided equally between Central GST (CGST) and State GST (SGST). Additionally, a 5% GST is applied specifically on making charges, which cover the labour and craftsmanship costs involved in designing gold jewellery.

This system replaces the previously fragmented model of VAT, service tax, and excise duty, offering a single-point tax structure. Whether you're buying a 22K bridal necklace, 18K contemporary jewellery, 24K investment-grade coins, or even digital gold, GST is calculated separately for the metal value and the making charges, providing full cost breakdown and billing transparency.

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