GST rate of tax on gold jewellery and Boolean



Anonymous
watch_later 10 months, 3 weeks ago

What is the tax rate decided under GST on gold jewellery and Boolean?


Comments:
Meeting is going on need to wait for some more time. - GST Payer

2 Answers

Pulkit Sharma watch_later 10 months, 3 weeks ago
arrow_drop_up
2
arrow_drop_down

GST rates on gold and jewellery are fixed as below:

Gold 3%

Gold Jewellery 3%

Gems and Jewellary 3%

Rough Diamond 0.25%


Comments:

All gold items are to be taxed at 3%. Rate is really good . In my opinion Gold should have been taxed at further higher rate. Gold is not an essential commodity. Government should have taxed gold at 28%. - GST Payer



GST Payer watch_later 10 months, 3 weeks ago
arrow_drop_up
0
arrow_drop_down

All jewellery to be taxed at 3% and even Gold at 3%.

GST council has agreed at rate of 3% tax rate on gold items.

1. All goods of Chapter 71 [other than rough diamond (7102)] will attract 3%.


7101 Pearls, natural or cultured, whether or not worked or graded but not strung, mounted or set; Pearls, natural or cultured, temporarily strung for convenience of transport.
7102 Diamonds, whether or not worked, but not mounted or set [other than rough diamonds].
7103 Precious stones (other than diamonds) and semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience transport.
7104 Synthetic or reconstructed precious or semi-precious stones, whether or not worked or graded but not strung, mounted or set; Ungraded synthetic or reconstructed precious stones, temporarily strung for convenience of transport.
7105 Dust and powder of natural or synthetic precious or semi - precious stones.
7106 Silver (including silver plated with gold or platinum), unwrought or in semi - manufactured forms, or in powder form.
7107 Base metals clad with silver, not further worked than semi – manufactured.
7108 Gold (including gold plated with platinum) unwrought or in semi - manufactured forms, or in powder form.
7109 Base metals or silver, clad with gold, not further worked than semi – manufactured.
7110 Platinum, unwrought or in semi - manufactured form, or in powder form.
7111 Base metals, silver or gold, clad with platinum, not further worked than semi-manufactured.
7112 Waste and scrap of precious metals, of metal clad with precious metal.
7113 Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal.
7114 Articles of goldsmiths' or silversmiths' wares and parts thereof, of precious metal or of metal clad with precious metal.
7115 Other articles of precious metal or of metal clad with precious metal.
7116 Articles of natural or cultured pearls, precious or semi-precious stones (natural, synthetic or re-constructed).
7117 Imitation jewellery.


Comments:

Did not get an answer? Ask your Question

You need to be logged in to answer.

mode_edit