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GST for Jewellery

28 January 2019

hi. I want to know how to account jewellery sales and making charges, HSN code for Jewellery ,rates,
if any videos for practicing please share .

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HSN Code 7117
GST Rate 3%

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Vinod Babu (24191 Points)
Replied 28 January 2019

This a case of composite supply where rate of tax will depend on supply of predominant product or supply. In this case gold is supplied as predominant item and making charges is naturally bundled. So gst rate for making charges will be the rate of gold.

GST rate on gold jewellery is 3%.(in case of regular dealer)

Final price of the jewellery = Price of (22 KT or 18 KT) gold X (Weight in grams) + Making charges + GST at 3% on (Price of jewellery + making charges).

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