Cryptocurrency Q&A
How much GST in India on gold?
How much GST in India on gold?
Enrico
Sat Nov 30 2024
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6 answers
1236
I want to know the rate of Goods and Services Tax (GST) applicable on gold in India.
6 answers
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
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
Sun Dec 01 2024
This rate is set at 3% of the value of the gold being purchased.
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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
Sun Dec 01 2024
Each component is 1.5% of the gold's value.
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