What is the GST rate on gold and gold jewellery?

Gold and gold jewellery attract 3% GST. HSN code 7108 for gold, 7113 for jewellery. Making charges on jewellery attract 5% GST if charged separately. If making charges are included in the jewellery price, the entire amount attracts 3% GST.

What is the GST rate on silver?

Silver and silver jewellery attract 3% GST. HSN code 7106 for silver, 7113 for jewellery. The same rate applies to silver bars, coins, and ornaments.

What is the GST rate on diamond jewellery?

Diamond jewellery attracts 3% GST. HSN code 7113. Uncut, unset diamonds attract 0.25% GST. The low rate on diamonds is to maintain India's competitiveness in the global diamond trade.

Can a jeweller claim ITC on gold purchases?

Yes, if the gold was purchased from a GST-registered supplier with a proper tax invoice. ITC on gold purchased from unregistered suppliers (common in the jewellery trade) is not available. Jewellers selling at 3% GST can claim ITC on inputs purchased at 3% or higher rates.

What is the GST rate on industrial machinery?

Industrial machinery and equipment generally attract 18% GST. Specific machinery may have different rates — agricultural machinery attracts 12%, and certain specialized equipment may attract 5%. Always verify the specific HSN code for your machinery.

What is the GST rate on gold and gold jewellery?

Gold and gold jewellery attract 3% GST. HSN code 7108 for gold, 7113 for jewellery. Making charges on jewellery attract 5% GST if charged separately. If making charges are included in the jewellery price, the entire amount attracts 3% GST.

What is the GST rate on silver?

Silver and silver jewellery attract 3% GST. HSN code 7106 for silver, 7113 for jewellery. The same rate applies to silver bars, coins, and ornaments.

What is the GST rate on diamond jewellery?

Diamond jewellery attracts 3% GST. HSN code 7113. Uncut, unset diamonds attract 0.25% GST. The low rate on diamonds is to maintain India's competitiveness in the global diamond trade.

Can a jeweller claim ITC on gold purchases?

Yes, if the gold was purchased from a GST-registered supplier with a proper tax invoice. ITC on gold purchased from unregistered suppliers (common in the jewellery trade) is not available. Jewellers selling at 3% GST can claim ITC on inputs purchased at 3% or higher rates.

What is the GST rate on industrial machinery?

Industrial machinery and equipment generally attract 18% GST. Specific machinery may have different rates — agricultural machinery attracts 12%, and certain specialized equipment may attract 5%. Always verify the specific HSN code for your machinery.

GST Rate Finder

GST Rates · Metals & Machinery

GST 2.0 Updated

GST Rates on Metals & Machinery

GST rates on metals and machinery in India 2026. Precious metals (gold, silver) attract 3% GST. Steel and industrial metals attract 18%. Diamond jewellery at 3%.

Other Rates

Precious metals in India attract a special 3% GST rate — significantly lower than the standard 18% — reflecting their dual role as both commodities and cultural assets. Gold, silver, and platinum jewellery all attract 3% GST, with making charges taxed separately at 5%. Industrial metals like steel attract 18% GST. The jewellery sector has specific compliance requirements including hallmarking and job work challan procedures for gold sent to artisans.

All Metals & Machinery — GST Rates and HSN Codes

Product / Service	HSN Code	GST Rate	Notes
Gold and Gold Jewellery	7108	3% GST	Gold: 3%. Making charges: 5%.
Silver and Silver Jewellery	7106	3% GST	Silver and silver jewellery attract 3% GST.
Diamond and Precious Stone Jewellery	7113	3% GST	Diamond and precious stone jewellery attract 3% GST.

Gold and Gold Jewellery

3% GST

HSN: 7108

Silver and Silver Jewellery

3% GST

HSN: 7106

Diamond and Precious Stone Jewellery

3% GST

HSN: 7113

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