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For ordinary finished gold jewellery in India, GST is 3% of the total transaction value, including making charges. Gold in unwrought or semi-manufactured form and coins classified under heading 7118 are also listed at 3%; numismatic coins classified under heading 9705 are listed at 5%. The product’s tariff classification matters, so do not assume every item described as a coin has the same rate.
Calculate GST on a jewellery bill
Use this formula:
GST = taxable transaction value × applicable GST rate
For a jewellery transaction taxed at 3%, multiply the total taxable value by 0.03. For example, if the gold value is ₹28,000 and making charges are ₹2,000, the transaction value is ₹30,000. GST is ₹30,000 × 0.03 = ₹900.
CBIC’s Sectoral FAQs, jewellery question 7, says: “GST is payable at the rate of 3% of the total transaction value of jewellery, whether the making charge is shown separately or not.” For a retailer’s finished-jewellery sale, do not calculate 3% on the gold and then add a separate 5% GST on the retail making charges.
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Rates for jewellery, gold and coins
CBIC’s GST Goods and Services Rates schedule lists these rates by tariff heading:
| Product category | Tariff heading | Listed GST rate |
|---|---|---|
| Gold jewellery | 7113 | 3% |
| Gold in unwrought or semi-manufactured form, commonly relevant to bars | 7108 | 3% |
| Coins | 7118 | 3% |
| Numismatic coins | 9705 | 5% |
The rate is linked to the tariff classification, not simply the item’s everyday name. A coin’s character and classification can therefore affect the applicable rate. The GST Council’s June 2025 newsletter also describes 3% as the special rate on gold and jewellery.
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How GST appears on the invoice
The total rate is 3%, but the tax components shown depend on whether the supply is intra-State or inter-State:
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- Inter-State supply: 3% IGST.
The invoice’s supply facts determine which presentation applies. For a ₹30,000 taxable value, either presentation totals ₹900 in GST.
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Retail making charges are not job-work charges
The 3% calculation above concerns a retailer selling finished jewellery to a customer. A job worker’s service is a different transaction: CBIC’s Sectoral FAQs state that when gold is supplied as raw material to a registered job worker and returned as finished goods, the job worker pays 5% GST on job charges only. The manufacturer may take credit of that tax and use it toward GST on the outward jewellery supply, subject to applicable rules. That job-work rate is not the rate to apply to retail making charges on a jewellery purchase.
What value to use—and when the calculation may need review
Under section 15 of the CGST Act, the transaction value generally applies when the supplier and recipient are not related and price is the sole consideration. The value includes specified amounts such as incidental expenses and charges for things done in relation to the supply. CBIC’s valuation rules provide alternative methods when the ordinary transaction-value approach cannot determine the value.
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For a straightforward consumer purchase, the invoice’s taxable value is usually the practical starting point. Unusual discounts, related parties, bundled supplies or other valuation issues can require case-specific review. For business transactions or a disputed tariff classification, consult a qualified GST professional.
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This article calculates GST only. It does not calculate the gold price, purity-based metal value, hallmarking costs, import duties or other levies. Purity may affect the underlying gold price, but the cited schedule’s listed GST rates are tied to product headings, not presented as carat-based rates.
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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.
