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JewelAccount — Jewelry Accounting Software

Jewelry accounting is uniquely complex — reverse charge on gold purchase, TDS on karigar job work, making charge GST, and stone valuation on P&L. JewelAccount handles all of it. Our cloud accounting software is built for jewelry manufacturers, traders, and retailers who need GST compliance, metal account integration, and financial reports that accurately reflect the jewelry business.

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Key Features

Everything You Need in One Platform

Jewelry GST Compliance

Handle 3% GST on jewelry, 5% on making charges, reverse charge on gold bullion purchase, and HSN code mapping for all jewelry categories.

Metal Account Integration

Link financial accounts with physical metal accounts — gold purchase, job work, wastage, and dispatch are reflected in both the books and the metal account.

TDS on Job Work

Automated TDS deduction calculation on karigar job work payments above the threshold, with Form 26Q generation for quarterly returns.

Customer & Vendor Accounting

Running accounts for jewelry customers and suppliers, SOA generation, and advance/layaway account management.

Financial Reports

P&L by product category, stock valuation at gold rates, metal account balance sheet, and GST return summaries.

E-Invoicing & IRN

GST e-invoicing with IRN generation via IRP API for businesses above the mandatory threshold.

Benefits

Measurable Business Impact

  • File GSTR-1 and GSTR-3B without manual data compilation from bills
  • Handle reverse charge on gold purchase automatically without CA intervention
  • Get accurate P&L that reflects current gold price impact on stock valuation
  • Eliminate TDS calculation errors on karigar payments with automated computation
  • Reduce month-end close from 5 days to same-day with real-time accounting
  • Provide auditors with direct read-only access for faster audit turnaround
Use Cases

Who Uses This Solution

  • Jewelry manufacturers managing gold purchase and job work accounting
  • Diamond traders with complex inter-party account management
  • Jewelry retailers handling GST on making charges and exchange transactions
  • Jewelry exporters requiring IGST and LUT (Letter of Undertaking) compliance
FAQ

Frequently Asked Questions

Jewelry GST has unique rules — gold and silver attract 3% GST, making charges are taxed at 5% separately, purchase of gold from unregistered dealers triggers reverse charge, and job work has specific TDS provisions. JewelAccount handles all these automatically, while generic accounting software requires manual workarounds.

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