Job work in relation to cut and polished diamonds, plain or studded jewellery of gold, silver and so on 9988 1.5% GST Rate on Purchase of Gold in India The GST rate on gold in India is set at 3% (1.5% CGST + 1.5% SGST) on the value of gold. For example, on a gold purchase ...
Therefore, the HSN code for job work will be a Service Accounting Code(SAC). Here are some of the services fall under 9988 SAC. You may refer to our GST rate for services table for various types of job work services under GST and their GST rates on the group level. The aerated bevera...
Every time someone buys gold jewelry, they must pay a set amount of 3 percentGST. In addition, he must pay GST at a rate of 5% on the making charges. It's worth noting that the GST rates for gold import, purchase, and manufacturing are all different. When you sell old gold jewelry...