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Gold jewellery: 3% GST on gold value, 5% on making charges (or 18% if billed separately). Cash transactions above ₹2 lakh require Form 61A filing. Jewellers with turnover above ₹2 crore must register under PMLA. BIS hallmarking is mandatory for all gold articles.
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Why this matters for jewellery shops
Indian jewellery retail is the second-largest jewellery market globally, regulated by the Bureau of Indian Standards (BIS hallmarking mandatory since June 2021), the Drugs & Cosmetics Act for cosmetic-grade items, and a unique GST treatment (3% on gold, 18% on making charges). FilingLab handles BIS registration, GST setup with making-charge reconciliation, mandatory cash-transaction reporting (Form 61A for transactions above ₹2 lakh), and PMLA compliance for jewellers above ₹50 lakh annual turnover.
Audience-specific note
Gold jewellery: 3% GST on gold value, 5% on making charges (or 18% if billed separately). Cash transactions above ₹2 lakh require Form 61A filing. Jewellers with turnover above ₹2 crore must register under PMLA. BIS hallmarking is mandatory for all gold articles.
Form 24Q (Q1-Q4) for salary
Form 26Q for vendor payments
Form 27Q for NRI / foreign payments
Form 16 (employees) and Form 16A (vendors) generation
TDS challan (281) verification
Default and short-payment correction
Forms 24Q, 26Q, 27Q filed every quarter — Form 16 generated automatically.
You
FilingLab
01
You
Quarterly data
You share salary register, vendor invoices, rent bills.
1 day
02
FilingLab
TDS verification
We verify TDS rates by section and PAN of every deductee.
1 day
03
FilingLab
Return preparation
Forms 24Q / 26Q / 27Q drafted with all challan details.
1 day
04
FilingLab
Filing with NSDL
Quarterly return filed on the NSDL portal.
By due date
05
FilingLab
Form 16 generation
Within 15 days of filing, we issue Form 16 to employees and 16A to vendors.
15 days
01
You
· 1 day
Quarterly data
You share salary register, vendor invoices, rent bills.
02
FilingLab
· 1 day
TDS verification
We verify TDS rates by section and PAN of every deductee.
03
FilingLab
· 1 day
Return preparation
Forms 24Q / 26Q / 27Q drafted with all challan details.
04
FilingLab
· By due date
Filing with NSDL
Quarterly return filed on the NSDL portal.
05
FilingLab
· 15 days
Form 16 generation
Within 15 days of filing, we issue Form 16 to employees and 16A to vendors.
Yes — mandatory since 16 June 2021 for all gold articles in 256 districts (covering 95% of jewellery sales). BIS registration takes 30-45 days; we handle end-to-end.
3% on gold value + 5% on making charges (when bundled) or 18% on making charges (when billed separately). Diamond jewellery: 0.25% on diamond + 3% on gold + making charges treatment.
Yes if turnover exceeds ₹50 lakh / year. Designated as Reporting Entity under PMLA — must file STR (Suspicious Transaction Reports) with FIU.
Mandatory if you accept cash above ₹2 lakh in a single transaction. Filed annually by 31 May to the Income Tax Department.
Also for jewellery shops