When we are selling Gold, Diamond or Silver Jewellery to the end consumer (Customer) like a Gold Chain weighing 10 gms at a total value of Rs. 30,000/- (Gold value is Rs. 28,000/- and making charges on that gold chain is Rs. 2,000/-), can we charge GST @ 3% on the total value or @ 3% on the gold value and 5% on making charges ?
GST is payable @ 3% of the total transaction value of jewellery,whether the making charge is shown separately or not.