You asked: Is GST applicable on imitation Jewellery?

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

Is imitation Jewellery exempt from GST?

04 June 2017 Yes it is 3% for imitation jewellery. …

What is the GST rate for imitation Jewellery?


HSN Code Chapter Description Rate (%)
7115 Other articles of precious metal or of metal clad with precious metal 3
7116 Articles of natural or cultured pearls, precious or semi-precious stones (natural, synthetic or reconstructed) 3
7117 Imitation jewellery 3
7118 Coin 3

What is HSN code for imitation Jewellery?

Imitation jewellery fall under HSN code 7117 as under:

HSN code for jewellery studded with imitation pearls or imitation or synthetic stones is 7117 90 10.

Can I 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.

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What is the GST on diamond?

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%.

How much 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%

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.

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%

What is the meaning of imitation Jewellery?

Imitation jewelry are accessories that are made using a variety of artificial materials. It is also called ‘fashion jewelry’, perhaps because this is the jewelry type that allows people to experiment with different styles and trends in the most cost-effective way.

What is HSN code for garments?

HSN Code 6111

HS Code Description GST%
611120 Babies’ garments and clothing accessories of cotton, knitted or crocheted (excluding hats) ,Products include: Readymade Garments Bangladesh 0%
611130 Babies’ garments and clothing accessories of synthetic fibres, knitted or crocheted (excluding hats) 0%
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How do you avoid GST on gold?

Resale- If you are selling old gold, it will not have any tax on it if you use that money to buy new gold jewelry. This means, you need to buy new gold in exchange of old to avoid taxes. Before GST, there was a 3 percent charge on selling old gold even if you were buying new gold along with it.

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%

Do I have to pay GST while selling gold?

According to GST any sale of Gold by a registered business is taxed at 3 percent of the value of Gold. In a 2017 clarification, the then finance minister clarified that sale of Gold by an individual is not a “furtherance of his business” and hence exchange of Gold for repair or for personal usage is taxed at zero GST.

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