Gold Savings Schemes From Jewellers: Are You Really Getting One Month Of Gold For Free?
GST Council is in focus in a taxation development.
· NDTV Profit
Purchasing gold in India attracts 3% GST. For jewellery, you also need to pay making charges that can range from 5% to 25% or even more.
The analysis
GST Council reported movement of 3%, 5% and 25%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
This is a Tax / tariff / duty event. Duty and incentive changes reset landed cost and competitive position immediately, and unlike demand shifts they arrive on a known date.
Why it matters
- Tax changes flow through to post-tax earnings and can shift the relative appeal of entire asset classes.
- With GST Council involved, this carries a regulatory dimension that can outlast the immediate market reaction.