GST On Gold & Jewellery Explained: Rates, Latest Changes, and Key Details You Must Know

GST On Gold & Jewellery Explained: Rates, Latest Changes, and Key Details You Must Know The 56th GST Council meeting has clarified the tax structure for gold and jewellery, keeping the GST on gold coins, bars, and jewellery at 3%. Making charges on jewellery continue to attract 5% GST. This means buying a gold coin worth ₹1,00,000 will still cost ₹1,03,000, while jewellery with ₹5,000 making charges will cost ₹1,08,250, including taxes. The Council has also simplified India’s broader GST structure into three main slabs, 5%, 18%, and 40% with the 40% rate applying only to sin goods and luxury items. These reforms aim to reduce the tax burden on everyday items and support middle-class households, while luxury and harmful products continue to face higher rates. Understanding these updates will help buyers plan purchases and manage expenses effectively. #gst #gstnews #gstcuts #gstongold #gstonjewellery Don’t forget to like, comment, and subscribe for more breaking news and updates! You can give your valuable feedback in the comments or email us on [email protected]. About Channel: Welcome to the DNA India, your one-stop platform for all the fastest and most comprehensive English and Hindi news coverage and analysis. Follow us for latest updates on all big developments, explainers, analysis, interviews, ground reports and talk shows. We bring out the different angles to major national and international news stories grabbing headlines. DNA India presents India news, International news, Entertainment news and gossip, Business and Technology news, Education news, Utility news and Viral news. Subscribe Channel: https://bit.ly/43vtFGh To watch more such videos, click: https://www.dnaindia.com/videos Follow Us on Google News: http://bit.ly/Dnaindia Follow Us on Facebook:   / dnaindia   Follow Us on Twitter:   / dna   Website: https://www.dnaindia.com/ Instagram:   / dna_india