The GST Council, led by Finance Minister Nirmala Sitharaman, has simplified the indirect tax regime in the country by adopting a three-slab structure — 5%, 18%, and 40%. (Image: File)
The Council has also announced a massive tax relief for the middle class by reducing GST on daily-use items. (Image: File)
On the other hand, the tax rate on sin goods like tobacco, alcohol, gutkha as well as luxury goods like premium cars and bikes, have been increased. (Image: File)
However, the GST rate on jewellery, including gold coins and bars, remains the same at 3%, along with 5% on making charges. (Image: File)
Your gold or any jewellery buying is not going to be affected by the latest GST rejig. (Image: File)
Now, if you buy jewellery worth Rs 1,00,000, it will attract 3% GST on gold or silver as well as a 5% GST on making charges. (Image: File)
![For example, if making charges are Rs 5,000 on the jewellery, a 5% GST on this amount, Rs 250, will be charged. It means the jewellery will cost you Rs 1,08,250 [(Rs 1,00,000 + Rs 3,000 (3% GST) + Rs 5,000 (making charges) + Rs 250 (5% GST on making charges)]. This is the same as earlier.](https://images.news18.com/ibnlive/uploads/2025/09/gold-jewellery-2025-09-0918ecd7f26b0a7ee794ed6b5512b6ce.png "For example, if making charges are Rs 5,000 on the jewellery, a 5% GST on this amount, Rs 250, will be charged. It means the jewellery will cost you Rs 1,08,250 [(Rs 1,00,000 + Rs 3,000 (3% GST) + Rs 5,000 (making charges) + Rs 250 (5% GST on making charges)]. This is the same as earlier.")
. This is the same as earlier. (Image: File)
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