GST for Jewellery Making charges slashed to 5 Percentage

Jewellery Making charges slashed to 5 Percentage in GST Rate

GST for Jewellery Making charges slashed to 5 Percentage. Jewelry making charges will have to attract an indirect tax of 5%, which is reduced from the previous rate of 18% that was proposed under the GST bill. This has givenĀ a more relax to jewellery and gold buyers, who are charged nearly 10 to 12% for making charges on the cost of the gold. Other things on which GST rates have been reduced which include such as cashew nuts, insulin, and also agarbatti.