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.

[gold, gold jewellery, goods and services tax, gst, CBDT, taxation, indirect taxation, how much GST is charged on gold, making charges, CA Sakchi Jain]

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[food.techno]

Congratulations you saved 40 Rupees after this

[mansha.lucky]

As a person who has worked at a jewellery showroom this is how your bill should be made
[((Current rate of gold × weight of gold + making charges)+stones price (if any))+ 3% GST]
And do not forget to check the weight of the gold cause 1gram 22 karat gold cost around 6000 inr.
And please do check if your jewellery has stones in it their weight should be written down separately weight and price so they don't count those stones at the rate of gold!!

I saw people commenting congratulations you save rs 40 I wanna say something
Its about fake charges she just bought a small ring imagine you bought a necklace worth 300k + 10% making charges
Making charges= 30000
5% of 30000= 1500 inr

[sayanjasu]

Gareebi level :
"Gold ring" bhi "Cold drink" sunayi padta hai 😂😢

[SumiTech]

Jab aisa kro toh Shop wala bolta hai ki dusra dukan jaao 😢

[nitinandvidhitahuja]

Who noticed the name of the shop that is lootera singh jewellers .

[tinkerbird]

But the reality is that accountant also don't know that....they say let me call someone 😂😂

[Ayush_Agarwal]

According to me, GST will be charged only on Making Charge as it is a service. There will be no GST on gold as it comes under Money and securities and excluded from the definition of Goods or services.

[ronitknyeditz]

She saved 2100 rupees.
According to her the making charge is added in the jewellery.
So 10000 = jewellery price + making charges
So at first it was 12400 - actual price 10300 = 2100

[jesminara]

Everytime I open YouTube a new advisor is born

[roxywhite]

For some 40rs may mean nothing but for others its one time meal amount

[Funtoosh]

Real store er jakr aap koi bhi video bnaeye tb lge apka Gyan useful h

[shikhadutta]

Yeh sab hm Ca students ko bhi pata h kyuki abhi GST ka syllabus revise krke khtm kiya😂

[Amitkumar-vldn]

Nicely explained this was the first video i watched in this channel and i immediately subscribed ❤

[krevinpatel]

After conversation you save total ₹40😂.
if you asked for discount they easily give 100 to 200 off.

[carryforwardyt]

Beauty with brain❤
Just jain thing.. loved it

[indiantiger]

Bahut acchi video banati hai mam aap hamen bahut kuchh sikhane ko mil raha hai

[rebelroy]

I read some comments, even malabar also charges extra gst and doesn't explain the price breakup...

[Pharaohgamerzofficial-PG]

Mam aap nae ca kii preparation 12th Kae baad kaha sae kii please bata dijya😢

[ShamimAkhter-qy]

As per the new rules on gold purchase with respect to GST, 3% GST will be charges and jewellers will add another 5%of the price as making charges

[cric_gen]

Perfect example of Beauty with Brain 💗