GST Rate on Silver
3%
GST Rate
- Product
- Silver
- HSN/SAC Code
- 7106
- GST Rate
- 3%
- CGST
- 1.5%
- SGST
- 1.5%
- IGST
- 3%
- Category
- Precious Metals & Stones
Example GST Calculation
| Taxable Value | ₹10,000 |
| GST @ 3% | ₹300 |
| ↳ CGST @ 1.5% | ₹150 |
| ↳ SGST @ 1.5% | ₹150 |
| Total | ₹10,300 |
Related HSN Codes
| HSN Code | Description | GST Rate |
|---|---|---|
| 7106 | Silver, unwrought or semi-manufactured | 3% |
| 7114 | Articles of goldsmiths' or silversmiths' wares | 3% |