GST, Income Tax & Audit Services for Jewellery Shops

Compliance checklist for jewellery shops

• GST at 3% on jewellery and correct treatment of making charges
• Old gold exchange and reverse charge considerations
• BIS hallmarking registration
• Cash transaction limits and KYC on high-value sales
• Tax audit and stock valuation
• TCS / TDS where applicable

How we help jewellery shops

We start with a free review of your current registrations, billing and returns. You then get a simple action list and a fixed fee. Every month we collect your bills on WhatsApp, update your books, file GST and other returns before the due dates, and send you a short summary of sales, tax paid and what's coming up next.

At year-end we finalise your accounts, file the income tax return and, if your turnover requires it, complete the tax audit. When you need a bank loan, subsidy or new licence, your records are already in order.

Common problems we fix

• Wrong GST rate in billing software
• Unfiled or late GST returns and cancelled registrations
• Input tax credit lost due to supplier mismatches
• No proper books for bank loan applications
• Missed PF / ESI after staff growth
• Income tax notices for cash deposits or turnover mismatch

Questions from jewellery shops owners