Cryptocurrency Q&A How much GST in India on gold?

How much GST in India on gold?

Enrico Enrico Sat Nov 30 2024 | 6 answers 1236
I want to know the rate of Goods and Services Tax (GST) applicable on gold in India. How much GST in India on gold?

6 answers

EtherWhale EtherWhale Mon Dec 02 2024
The Goods and Services Tax (GST) on gold purchases in India is subject to a specific rate.

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Sara Sara Sun Dec 01 2024
The total GST on a gold purchase of Rs. 1,00,000 would amount to Rs. 3001.

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Chiara Chiara Sun Dec 01 2024
This rate is set at 3% of the value of the gold being purchased.

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EnchantedSoul EnchantedSoul Sun Dec 01 2024
The 3% GST is divided into two components: Central GST (CGST) and State GST (SGST).

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Caterina Caterina Sun Dec 01 2024
Each component is 1.5% of the gold's value.

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