GST for Jewellers in India: A Practical Summary

The GST treatment of jewellery is straightforward once the three components are separated: metal, making, and stones.

The usual rates

Gold jewellery attracts GST on the value of the piece, and making charges are taxed as a service. Your invoice should show both separately.

Old gold exchange

Exchange transactions have their own treatment, and getting the paperwork right protects your input credit.

Keep this in mind

This is a summary, not advice. Rates and rules change; check the current position with your chartered accountant before acting.