Jewellery bill › GST on jewellery

GST on jewellery

The rates below are the ones reported by tax-practitioner sources on 14 November 2026. We did not read the notifications themselves, so the maker keeps every rate as a field you type and you should confirm with your accountant.

The usual position

• Ornaments of gold, silver and platinum (HSN 7113): reported at 3% GST.
• Making charges when you sell the finished ornament are part of its value and are taxed with it, so the maker puts them inside the line’s taxable value.
• Job work (a customer gives you their own metal and you only make the ornament) is a service reported at 5%. Use a separate line with the rate you confirm.
• Any other material, such as diamonds or artificial jewellery, may have its own rate: type it on the line.

Old gold taken in exchange

Sources explain this differently, and the right treatment depends on how the bill is made. This maker works out GST on the full value of the new ornaments and then takes the value of the old gold off the amount to pay. If your accountant treats old gold differently (for example as a purchase from an unregistered person), keep the same bill and ask for the adjustment in your books.

Registered or not

A shop under the composition scheme issues a bill of supply without tax, and an unregistered shop issues a plain cash memo. Choose the kind under "Bill type"; for a normal registered jeweller it fills in by itself from your GSTIN.

Cash limit

Receiving cash of ₹2 lakh or more from one person is not allowed under the Income Tax law. The maker asks you to confirm before it saves such a bill.