GST on gold

15 June 2017

what will be the GST rate on gold? does the custom duty will be levyed after introdution of GST?

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7 Replies

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 15 June 2017

Gst rate for gold is 3%.

Custom duty is out of GST.
So it will levied after GST also.

vipul mittal (85 Points)
Replied 15 June 2017

Basic custom duty to continue...

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 15 June 2017

Yes will be same.

Nabajit Barman (23 Points)
Replied 15 June 2017

that means it will be (10 custom duty + 3 gst) 13. m i right?

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 15 June 2017

Yes you r right.

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Nabajit Barman (23 Points)
Replied 15 June 2017

but the minimum rate of GST is 5%. how it comes to 3%

vipul mittal (85 Points)
Replied 16 June 2017

Special rate carved for jewellery

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