About 295,000 results
Open links in new tab
  1. 1.5%
    • According to 2 sources
    With regards cut & polished diamonds, the GST has been increased from 0.25% to 1.5% (effective 18th July 2022), which the diamond sector has welcomed as it resolves their issue of input tax credit (ITC) accumulation being faced on account of inverted duty under GST regime.

    Diamond GST News: Gover…

    economictimes.indiatimes.com
    The GST rate on polished and cut diamonds was increased from 0.25% to 1.5% after the 47th GST Council meeting. This revision follows an original announcement in which the GST on diamonds was decreased from 3% to 0.25%. In addition, sawn or rough diamonds are subject to a 0.25% GST.

    Check the GST Calculation o…

    fi.money
  2. People also ask
    What is the GST rate on diamonds?
    After the 47th GST Council meeting, the rate of GST on cut and polished diamonds was raised from 0.25% to 1.5%. This change has been made against an initial notification 7/2018- Integrated Tax (Rate), dated 25th January 2018, where the GST rate on diamonds (only cut and polished) was reduced from 3% to 0.25%.

    GST on Diamond Jewellery: Applicability, GST Rate and HSN Code - Clea…

    cleartax.in
    Will GST increase on cut & polished diamonds?
    Increase in GST on cut & polished diamonds to 1.5%, resolves the issue of ITC accumulation for the sector - Solitaire International jewellery magazine - India’s Best B2B gem and jewellery magazine. Increase in GST on cut & polished diamonds to 1.5%, resolves the issue of ITC accumulation for the sector Search for: GJEPC VIEWPOINT MINING

    Increase in GST on cut & polished diamonds to 1.5%, resolves ... - GJEPC

    gjepc.org
    How has GST impacted diamond industry in 2022?
    With regards cut & polished diamonds, the GST has been increased from 0.25% to 1.5% (effective 18th July 2022), which the diamond sector has welcomed as it resolves their issue of ITC accumulation being faced on account of inverted duty under GST Regime.

    GST on cut and polished diamonds increased to 1.5%

    diamondworld.net
    Why is India levying GST on diamonds?
    With the gems and jewellery sector declared as a focus area for export promotion, the Indian government has been taking steps to rationalise the levy of GST on diamonds, especially since rough, cut, and polished diamonds account for over 66% of gems and jewellery exports in FY 21-22.

    GST on Diamond Jewellery: Applicability, GST Rate and HSN Code - Clea…

    cleartax.in
    Does GST affect diamond jewellery & gold jewellery?
    Ans: Yes. If you, as a customer, directly approach a goldsmith and buy diamond or gold jewellery, the impact of GST on diamond jewellery and gold jewellery will be @ 5%, subject to the condition that he is registered under GST.

    GST on Diamond Jewellery in 2022 [Tax Rates, HSN Codes] - OkCredit

    okcredit.in
    Where can I find the effective date for GST rates?
    If you need information about the "Effective Date" for every GST or cess rates, then please visit the CBIC website. Do much more than verifying HSN/SAC codes with ClearTax GST, India's most trusted billing and GST solution where reconciliation is made easy through intelligent inbuilt validations and tools. GST rates and HSN code for Diamonds.

    DIAMONDS - GST RATES & HSN CODE 7102 - ClearTax

    cleartax.in
    Feedback
  3. ClearTax
    https://cleartax.in › gst-diamond-jewellery

    GST on Diamond Jewellery: Applicability, GST Rate and HSN Code

  4. Diamond World
    https://www.diamondworld.net › news

    GST on cut and polished diamonds increased to 1.5%

  5. ClearTax
    https://cleartax.in

    DIAMONDS - GST RATES & HSN CODE 7102 - ClearTax

    Tags:
    Gst On Diamond in India
    Diamond Hsn Code in Gst
    Goods and Services Tax in India
  6. Gem & Jewellery Export Promotion Council - GJEPC India
    https://gjepc.org › solitaire

    Increase in GST on cut & polished diamonds to 1.5%, resolves

    Tags:
    GST
    Solitaire
  7. rupeesenseinsider.com
    https://rupeesenseinsider.com

    GST on Diamond Jewellery in 2024: Tax Rates & HSN Codes

    Tags:
    Gst Rate For Diamond
    Jewellery
  8. FashionNetwork.com
    https://in.fashionnetwork.com › news › Government...

    Government raises GST on cut and polished diamonds to 1.5%

    Tags:
    Gst On Cut and Polished Diamonds
    Gst On Diamond in India
    Gst Rate For Diamond
  9. Fi.Money
    https://fi.money › guides › check-the-gst-calculation...

    Check the GST Calculation on Diamond Jewellery - Fi.Money

    Tags:
    Gst On Diamond in India
    Gst On Cut and Polished Diamonds
  10. Gem & Jewellery Export Promotion Council - GJEPC India
    https://gjepc.org › solitaire › gjepc-webinar-analyses...

    GJEPC Webinar Analyses GST Rate Change On Cut & Polished …

    Tags:
    Gst On Cut and Polished Diamonds
    Polished Diamond Gst Rate
  11. OkCredit
    https://okcredit.in › blog › impact-of-gst-…

    GST on Diamond Jewellery in 2022 [Tax Rates, HSN …

    Apr 5, 2022 · The GST on diamond jewellery will be @ 3% on Rs 1,00,000 purchase, although ruby being a precious stone, attracts a lower rate of 0.25%. This is because diamond jewellery is the principal supply and the entire …

    Tags:
    GST
    Diamond
  13. Some results have been removed