GST ON GOLD ORNAMENT MAKING CHARGES


This query is : Resolved 

Quick Summary
This discussion clarifies the Goods and Services Tax (GST) applicable to gold ornament making charges when a jeweller sells to a consumer, confirming it is 5%. It also addresses whether Reverse Charge Mechanism (RCM) applies to a jeweller purchasing gold bars from consumers or paying making charges to unregistered goldsmiths, concluding that RCM is not applicable in these specific scenarios.

30 October 2023 Dear Experts,

What is GST rate on Gold ornaments making charges (jeweller to consumer)? Is it 5% or 18?

Is GST payable under RCM on purchase of GOLD BAR/BISCUIT from consumer by jewellerer?

Is GST payable under RCM on making charges charged by unregistered person (goldsmith) to registered jewellerer? If Yes than at which rate 5% or 18%??

Thanking You
Nirmal Dave

30 October 2023 It's 5% GST applicable on making charges.
RCM not applicable on gold purchase by jeweller.
RCM not applicable in such a case.

31 October 2023 Thank You Sir for your valuable reply

31 October 2023 You are welcome...
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