Making charges and GST on gold
The labour and design cost added to jewellery, plus GST on the total. Neither is recovered when you sell. A piece bought at a heavy making charge is worth its melt value the day you take it home.
What it means
The labour and design cost added to jewellery, plus GST on the total.
Why it matters to a household
Neither is recovered when you sell. A piece bought at a heavy making charge is worth its melt value the day you take it home.
Where it trips people up
Treating the purchase bill as the holding's value. It is not, and the difference can be substantial on intricate work.
In an Indian household
Making charges vary widely between jewellers and are negotiable. For gold held as investment rather than ornament, coins, bars or bonds avoid the charge entirely.
Where FamTally comes in
FamTally is a free AI-driven money manager built for Indian families. It holds your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and lets you ask an assistant questions about your own numbers rather than looking up general advice. Everything on this page is the kind of thing it works out for you automatically.
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Start freeQuestions people ask
Making charges and GST on gold
The labour and design cost added to jewellery, plus GST on the total.
Why does it matter?
Neither is recovered when you sell. A piece bought at a heavy making charge is worth its melt value the day you take it home.
What do people usually get wrong?
Treating the purchase bill as the holding's value. It is not, and the difference can be substantial on intricate work.
Is there anything India-specific?
Making charges vary widely between jewellers and are negotiable. For gold held as investment rather than ornament, coins, bars or bonds avoid the charge entirely.