Precious metals
GST rate on Silver
Silver is taxed at a special 3% GST rate.
GST rate
3%
HSN code
7106
Intra-state split
1.5% CGST + 1.5% SGST
The GST rate on silver in India is 3% under GST 2.0, classified under HSN code 7106. For an intra-state sale this is split as 1.5% CGST and 1.5% SGST; for an inter-state sale it is charged as a single 3% IGST.
This is a commonly-applicable rate for quick reference under GST 2.0 (effective 22 September 2025). Rates and classifications can change with GST Council notifications — verify the exact rate on the official GST portal before issuing tax invoices.
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Related GST rates
View all GST rates →More rates in Precious metals and other commonly-searched products.
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- Diamonds (cut & polished)3% GSTView
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