Cryptocurrency Q&A
How much GST on gold in India?
How much GST on gold in India?
KDramaLegend
Thu Nov 28 2024
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answers
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I'm trying to find out how much GST is charged on gold purchases in India. I need this information to understand the total cost of buying gold in the country.
5 answers
ChristopherWilson
Fri Nov 29 2024
The rate of GST on gold purchases in India is set at 3%.
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Claudio
Fri Nov 29 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet options.
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SejongWisdom
Fri Nov 29 2024
This 3% GST is composed of two parts: 1.5% CGST and 1.5% SGST.
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Valentina
Fri Nov 29 2024
The CGST and SGST are both charged on the value of the gold purchased.
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BusanBeautyBlooming
Fri Nov 29 2024
For instance, if one buys gold worth Rs. 1,00,000, the total GST payable will be calculated based on this value.
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