Jewellery manufacturing services Under SAC Code 998892

SAC Code 998892 is used to classify Jewellery manufacturing services under GST. It helps businesses apply the right tax rate, maintain clean invoices, and improve compliance during GST return filing.

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998892 SAC Code GST Rate

Review old and new GST rates for Jewellery manufacturing services under 998892 SAC Code.

SAC Code

998892

Description

Jewellery manufacturing services

New Rate

1.5% with ITC, 5% with ITC or 18% with ITC

Old Rate

1.5% with ITC, 5% with ITC or 18% with ITC

Notes

Job work for a registered owner is 1.5% for diamonds and 5% for other Chapter 71 jewellery and precious-metal articles. Processing for an unregistered owner is taxed at 18% with input tax credit. Source: Notification 11/2017-Central Tax (Rate), S. No. 26(i), 26(ii)(i) and 26(vii) as substituted by 15/2025.

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Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.