Latest Query & Reply

Respected Sir,

As my customer is selling gold & silver and also giving service of making gold ornaments

Please Reply me

1. Retail Rate of Gold and Silver

2. Ornament Making service rate if I make separate bill

3. If I make common bill of Gold and Making Charges.

Reply

Dear Sir,

1.) Rate of GST on gold and silver ornaments is 3% [HSN code 7113]

2.) GST rate on making charges is 5%

3)  A single invoice can be issued in respect of selling of gold ornaments and for making charges, by classifying different GST rate  (i.e. 3% and 5% respectively),