GST rate change for articles of jewellery under the Schedule alters tax treatment of precious-metal jewellery and parts. A reduced GST rate is prescribed for articles of jewellery and their parts made of precious metal or metal clad with precious metal, with the change implemented via an IGST (Rate) notification that fixes the operative commencement and places those goods under the relevant tax schedule classification.
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GST rate change for articles of jewellery under the Schedule alters tax treatment of precious-metal jewellery and parts.
A reduced GST rate is prescribed for articles of jewellery and their parts made of precious metal or metal clad with precious metal, with the change implemented via an IGST (Rate) notification that fixes the operative commencement and places those goods under the relevant tax schedule classification.
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