Is GST applicable on artificial Jewellery?

Sr. No. Description of Goods
5. Jewellery, Goldsmith’ and Silversmiths’ wares and other articles (Chapter 71)

What is the GST on artificial Jewellery?

GST Tax Rate: 3%

Can you claim GST on Jewellery?

The jeweller or gold merchant can claim Input Tax Credit (ITC) paid on the raw materials used, i.e., gold and other job work charges incurred. Even when the gold merchant pays tax on a reverse charge basis for supply from an unregistered job worker, he can claim the ITC on such tax.

What is HSN code for artificial Jewellery?

HSN Code 7117: Imitation jewellery.

What is the GST rate on diamond Jewellery?

Diamond India (DIL) has been included in the list of nominated agencies eligible for IGST exemption on imports of gold, silver and platinum so as to supply at zero GST to jewellery exporters. The rate of GST on cut and polished semi-precious stones has been slashed to 0.25% from 3%.

What is the GST on silver?

3% GST Goods

Heading/ Sub-heading Description of Goods IGST Rate
7105 Dust and powder of natural or synthetic precious or semi-precious stones 3%
7106 Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form 3%
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What is the GST on AC?

GST Tax Rates on some common items

Tax Rates Products
18% Hair oil, toothpaste and soaps, capital goods and industrial intermediaries are covered in this slab.
28% Luxury items such as small cars, consumer durables like AC and Refrigerators, premium cars, cigarettes and aerated drinks, High-end motorcycles are included here.

What is the GST on Labour charges?

What is the GST rate with the HSN code on labour charges?

Service Accounting code Nature of service GST rate for labour charges
998516 Temporary staffing-to-permanent placement services 18%
998517 Co-employment staffing services 18%
998518 Other employment and labour supply services nowhere else classified 18%

How do I make a GST Jewellery bill?

Add making charges, suppose 10 per cent, which comes to Rs 2,625.60 (10% of Rs 26,256) Total price of gold jewellery = Rs 28,881.60 (price of 9.60 grams gold chain plus making charges) Add GST at 3%: Rs 866.44 (3% of Rs 28,881.60) The final billing amount will be Rs 29,748.04 (Rs 26,256 + Rs 2,625.60 + Rs 866.44)

What is GST and explain all GST slabs?

The GST rate in India for various goods and services is divided under 4 slabs; these are 5% GST, 12% GST, 18% GST, and 28% GST. However, there are some products that do not carry any GST rate.

How do I find my HSN code?

For example, if you are selling fresh bananas, you can find your HSN code under Section 02: Vegetable Products, Chapter 08: Edible fruits and nuts; peel of citrus fruits or melons, Heading 03: Bananas including Plantains, Subheading 9010: Bananas, fresh. Your HSN code will be 0803.

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What is HSN code for silver?

HSN Code 7111

HS Code Description GST%
711100 Base metals, silver or gold, clad with platinum, not further worked than semi-manufactured 3%

How much is GST on a car?

GST Compensation Cess on Cars

Type of Vehicle GST Rate
Diesel car less than 1500cc and length more than 4 meters 28%
Diesel car over 1500cc engine capacity, greater than 4 meters length and ground clearance of 170mm or more 28%
Electric Cars (all sizes including 2 and 3 wheelers) 12%
Vehicles fitted for use as an ambulance 28%
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