Gold GST Calculator

Gold attracts 3% GST on its value — this applies uniformly to jewellery, bars, coins, and digital gold, regardless of purity or which state you buy it in. If a jeweller shows making charges as a separate line item, those charges attract an additional 5% GST. Both rates have stayed unchanged since being set shortly after GST's introduction in July 2017, and they remained untouched even through the broader GST 2.0 rate restructuring that took effect in September 2025 — gold sits outside the standard slab system entirely, with its own dedicated rates.

No, the GST rate itself is identical across every purity — 3% on gold value, whether you're buying 24K, 22K, 18K, or 14K gold. What changes with purity is the rupee amount of tax you pay, purely because higher-purity gold costs more per gram, so 3% of a larger value works out to a larger tax figure. For example, 3% GST on ₹1,00,000 worth of 24K gold is ₹3,000, while 3% GST on ₹85,000 worth of 22K gold (for the same weight, at a lower effective rate) would be ₹2,550 — the rate is the same 3% in both cases, only the base value differs.

The two are taxed differently because they're classified differently under GST law: the gold itself is treated as a sale of goods, taxed at 3%, while making charges are treated as a labour or craftsmanship service, taxed at 5%. This split only comes into play when making charges are shown as a distinct line item on the invoice. If a jeweller instead bills a finished piece as one combined figure — a composite supply — the making-charges component may effectively be taxed within a single blended rate rather than separately at 5%, though itemised billing at 3%+5% is the more common and often more transparent approach used by most organised jewellers.

Gold bars and coins attract only the 3% GST on their value, with nothing added for making charges, since there's no crafting or design work involved in producing a standardised bar or coin — it's a straightforward sale of goods. This is one reason gold bars and coins often work out cheaper overall than jewellery for the same gold weight: not only are making charges themselves lower or absent, but there's no accompanying 5% making-charges GST either.

If you're an individual selling old gold jewellery to a registered jeweller, you don't pay GST on that transaction, since a personal sale isn't treated as a business supply under GST law. However, if that same jeweller later resells the old gold jewellery to another buyer, GST does apply on that resale, since the jeweller is a registered dealer making a taxable supply. This distinction matters when you're exchanging old gold for new: GST is charged only on the value addition — the new gold added and the making charges on the new piece — not on the value of the old gold you hand back.

Yes, digital gold is taxed the same way as physical gold at the point of purchase: a flat 3% GST applies to the purchase amount. Since digital gold involves no physical crafting, there's no making-charges component and therefore no 5% GST layer to worry about — the tax treatment is simpler than for jewellery. It's worth noting that Sovereign Gold Bonds and Gold ETFs are treated differently, as financial instruments rather than goods, and don't attract GST on the investment itself, though brokerage or fund management fees on these products can attract their own GST.

Imported gold attracts customs duty in addition to GST — a Basic Customs Duty plus an Agriculture Infrastructure and Development Cess, which together have generally sat in the mid-single digits as a percentage in recent years, though exact rates have been revised more than once and are worth checking against current customs notifications for precision. On top of the customs duty, Integrated GST (IGST) of 3% is applied to the assessable value, which includes the cost of the gold plus the customs duty already charged. This combined structure is one reason imported gold costs meaningfully more than its raw international price would suggest before it reaches an Indian buyer.

Yes. The GST rates on gold — 3% on value and 5% on making charges — are uniform nationally and don't vary from state to state. Within a state, this is typically split as CGST and SGST (1.5% each for the 3% gold rate, 2.5% each for the 5% making-charges rate); for a purchase made across state lines, it's charged instead as a single IGST rate covering the same total percentage. Either way, the total tax burden works out identically regardless of which state the sale takes place in.

Yes, but only under specific conditions. A GST-registered business — typically a jeweller or dealer — can claim input tax credit on gold purchased for business purposes such as manufacturing or resale, provided the supplier has issued a valid GST invoice and has filed their own returns correctly. Individual consumers buying gold for personal use, such as jewellery for themselves or as a gift, cannot claim ITC, since ITC is only available to GST-registered entities using the purchase for further business activity, not to end consumers.

Yes, and it's one of the simplest ways to verify you're being charged correctly. A properly itemised gold invoice should separately show the gold value, the making charges, the GST calculated on each of these (3% and 5% respectively), and the final total — this is generally required under GST invoicing rules rather than being optional. If a bill only shows a single lump-sum figure without this breakdown, it's harder to verify whether the correct rates have been applied, and you lose the ability to independently check the maths against the day's gold rate and the making charge percentage you were quoted verbally.

As of mid-2026, the core rates have stayed steady: 3% on gold value and 5% on making charges, both unchanged since shortly after GST was first introduced in 2017. When the broader GST 2.0 rate restructuring rolled out in September 2025 and moved most goods into a simplified 5/18/40% slab system, gold and gold jewellery were specifically kept outside that structure and retained their existing dedicated rates rather than being folded into one of the new slabs. Customs duty on imported gold, by contrast, has been revised more than once in recent years, so that component is worth checking for the latest figure separately from the GST rate itself.