GST on Gold Stays at 3% After Big Tax Reforms

The GST Council has announced sweeping tax changes, but here’s the key update for jewellery buyers: gst on gold remains unchanged at 3%. That means सोना चांदी purchases won’t see any new tax hikes or cuts.

What’s New?

India’s GST has now been simplified into two slabs—5% and 18%—with a 40% rate for luxury items. But gold and silver stay in their special 3% bracket. The new structure takes effect from September 22, just as the festive season begins.

Why It Matters

For buyers, nothing changes in your jewellery bill. You’ll still pay 3% GST on gold value and 5% on making charges. So, if your jewellery costs ₹1 lakh, expect ₹3,000 tax on gold and a small charge on making costs. Predictable pricing is good news ahead of wedding shopping.

Takeaway

The decision keeps the jewellery market stable while other goods get cheaper under GST reform. For now, सोना चांदी buyers can plan purchases without tax surprises – the real price moves will come from global gold trends, not GST.