GST Rate on Silver: 3%

HSN 7106 · 1.5% CGST + 1.5% SGST intra-state, or 3% IGST interstate.

Silver in unwrought and semi-manufactured forms attracts the same special 3% GST as gold. Silver jewellery and articles under heading 7114 share the bullion-linked treatment.

Worked example at 3%

Taxable value: ₹10,000
CGST (1.5%): ₹150.00
SGST (1.5%): ₹150.00
Invoice total: ₹10,300.00

Interstate, the same sale shows a single IGST line of ₹300.00. Try your own numbers in the GST calculator.

Classification

Silver is classified under HSN 7106 — see the full classification page for the official description, parent and related codes, and digit-length rules. Rates follow GST Council notifications and can change; the rate shown here is the one typically associated with this classification.

Also at 3% GST

Gold HSN 7108 Gold Jewellery HSN 711319

Frequently asked questions

Articles of silver under chapter 71 attract 3%. Silver-plated base-metal items, however, classify by the base metal at standard rates.

For a sale within one state, the 3% splits equally into 1.5% CGST and 1.5% SGST. For an interstate sale it is charged as a single 3% IGST — the total tax is the same either way.

HSN code 7106. The code appears on every invoice line and flows into the GSTR-1 summary and e-way bills.

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