As per a report from Bloomberg, gold imports in March touched the highest monthly total in almost two years.
For example, if you are buying a gold ornament at the price of ₹45,000 per 10 gm and the making charges are at the rate of 10%, then the total cost after making charges will be ₹45,000 plus 10% of ₹45,000 = ₹49,500.
However, in case of gold ETFs, the GST is paid back to investors as the fund house takes input credit for the same.