GST Rate on Silver
The GST rate on silver is 3%, under HSN code 7106 (silver, including silver plated with gold). Here is the full breakdown, a worked example, and related rates in Jewellery.
GST rate breakdown for silver
- GST rate: 3%
- Intra-state: 1.5% CGST + 1.5% SGST
- Inter-state: 3% IGST
- HSN code on the invoice: 7106
- Also covers: chandi, silver bar
Rates reflect the GST 2.0 structure effective 22 September 2025 (slabs 0%, 5%, 18%, 40%). Confirm the current rate on the official GST portal before invoicing.
Worked example: GST on silver
- Taxable value: ₹10,000
- GST (3%): ₹300
- Within state: ₹150 CGST + ₹150 SGST
- To another state: ₹300 IGST
- Invoice total: ₹10,300
FAQs about GST on silver
What is the GST rate on silver?
The GST rate on silver is 3%. Intra-state it is 1.5% CGST + 1.5% SGST; inter-state it is 3% IGST. Silver falls under HSN code 7106.
What is the HSN code for silver?
Silver falls under HSN code 7106, which covers silver, including silver plated with gold. Show this code on every GST tax invoice line for silver.