Rate of GST on Gems & Jewellery Industry

Posted By on June 3, 2017

GST Council at it’s 15th Meeting held on 03rd June, 2017 has announced the Rate of GST on Gold, Gemstones & Jewellery. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes:-

1. Rate of GST on Gold3 per cent

2. Rate of GST on Jewellery3 per cent

3. Rate of GST on Rough Diamonds0.25 per cent

4. Rate of GST on Diamonds and Gemstones3 per cent

5. Jobwork related to Gems & Jewellery and Diamond processing (11 June, 2017) – 5 per cent

 

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