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For ordinary finished gold jewellery, calculate GST at 3% of the total transaction value, including making charges—even when they are listed separately. Gold bars classified as unwrought or semi-manufactured gold and ordinary coins under the relevant tariff headings are also listed at 3%. Numismatic coins have a separate 5% rate, so classification matters.
How to calculate GST on a gold purchase
Use this formula:
GST = taxable transaction value × applicable GST rate
For a jewellery sale taxable at 3%, multiply the total transaction value by 0.03. For example, if the taxable value is ₹30,000, GST is ₹30,000 × 0.03 = ₹900.
Does GST on jewellery include making charges?
Yes. For a retailer’s sale of finished jewellery under heading 7113, CBIC says GST is 3% of the total transaction value, whether the making charge is shown separately or not. Its example uses ₹28,000 for gold and ₹2,000 for making charges: the 3% applies to ₹30,000, giving ₹900 GST.
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Do not treat retail making charges as a separate service and add 5% GST on them on top of the 3% jewellery GST. The applicable calculation for the finished jewellery sale is 3% of its total transaction value. CBIC Sectoral FAQs, jewellery question 7.
GST rates for jewellery, gold bars and coins
| Product or classification | GST rate listed | What to check |
|---|---|---|
| Gold jewellery, heading 7113 | 3% | Apply to the total transaction value, including making charges. |
| Gold in unwrought or semi-manufactured form, heading 7108 | 3% | Commonly relevant to bars; confirm the product’s tariff classification. |
| Coins, heading 7118 | 3% | Not every item described as a coin necessarily falls in this entry. |
| Numismatic coins, heading 9705 | 5% | A separate schedule entry; do not assume the 3% coin rate applies. |
The rates are from the CBIC GST Goods and Services Rates schedule, accessed in 2026. The GST Council’s June 2025 newsletter also describes 3% as the special rate on gold and jewellery. The applicable rate depends on the tariff entry and current notification, so a coin’s character and classification can matter.
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How the tax appears on an invoice
The total rate is 3% in either case, but the tax components shown depend on the supply:
- Intra-State supply: 1.5% CGST plus 1.5% SGST or UTGST.
- Inter-State supply: 3% IGST.
The invoice and supply facts determine which presentation applies; the tax components are not added on top of the 3% total.
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Retail making charges are not the same as job-work charges
A retailer selling finished jewellery to a customer applies the jewellery rule above. Job work is a separate transaction: where a registered job worker receives gold as raw material and returns finished goods, CBIC’s FAQ states that the job worker pays 5% GST on job charges only. The manufacturer may claim credit for tax paid on the job work and use it toward GST on the outward jewellery supply, subject to applicable rules. This job-work treatment is not the retail customer’s calculation for making charges. CBIC Sectoral FAQs.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Which value should you use?
For a usual consumer purchase, start with the invoice’s taxable transaction value. Section 15 of the CGST Act generally uses the transaction value when the buyer and seller are not related and price is the sole consideration; specified incidental expenses and charges for things done in relation to the supply can also be included. When that ordinary approach cannot establish value, the valuation rules provide alternative methods.
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Unusual discounts, related-party transactions, bundled supplies, or other valuation questions may require case-specific review. The statutory framework is set out in section 15 of the CGST Act and the CGST valuation rules.
What this calculation does not cover
This guide calculates GST only. It does not determine the gold price, purity-based metal value, hallmarking costs, import duties, or other levies. Purity can affect the underlying gold price, but the cited GST schedule entries are tied to product classification rather than a carat-based rate.
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Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
