Bhima Gold - No Making Charges & Low Gold Rate

[sparkit]

Guys, without any card offers and any savings scheme, Bhima Gold website is offering gold jewellery today with No making charges with gold prices less than market price.

Offer is applicable only on Jewellery and not coins.

Today Malabar price per 22kt - 9065
Today Bhima Gold price 22kt - 8839

Also this offer is available only on their website - https://www.bhimagold.com/ , not store.

So it’s a triple dip - No making charges + Low gold price + Card offers.

I see the offer is only available today. But they are providing sales very often. Last week also they ran a sale like this.

I’m just sharing based on info I know, so do your own research to be safe.

Make use of it guys.

 

[sparkit]

 

[sparkit]

@SSV @Adith @federer.reddevil

 

[Adith]

This is quite old bro, they regularly run this.

Here is my post from 2 months ago where i did the purchase and recieved everything completely fine. https://www.technofino.in/community...ellery-at-bhima-jewellery-online-store.40238/

 

[sparkit]

This is quite old bro, they regularly run this.

Here is my post from 2 months ago where i did the purchase and recieved everything completely fine. https://www.technofino.in/community...ellery-at-bhima-jewellery-online-store.40238/

Oh, just saw a week back bro. And today I saw it again. So thought to share it.
And thank you for the review. Gonna order today, was thinking whether there will be any gimmick or order delay.

 

[Adith]

Oh, just saw a week back bro. And today I saw it again. So thought to share it.
And thank you for the review. Gonna order today, was thinking whether there will be any gimmick or order delay.

Bhima is not always the best when it comes to purity bro. So buy fully gold ornamentrs ( no gems) and think of it like purchasing coins as jewellery since 0 making charge. Use it as long as you want and then exchange for other gold jewellery during those exchange old jewels offer days down the line someday.

 

[sparkit]

Bhima is not always the best when it comes to purity bro. So buy fully gold ornamentrs ( no gems) and think of it like purchasing coins as jewellery since 0 making charge. Use it as long as you want and then exchange for other gold jewellery during those exchange old jewels offer days down the line someday.

Bro, what delivery partner they are using?
Also to track, did they send you any ref no.

 

[shashank08]

Actually you are still paying 3% as a part of making charges..

So they add making charges..

Add GST on total bill amount, Gold+ Making charges

Then deduct the making charges but we are still paying 3% and i am not sure whether that 3% is being paid to govt or kept by Bhima in their pocket...

If they keep 0 making charge instead of adding and subtracting then that 3% GST will not go from customers end..

 

[navdeep22]

Guys, without any card offers and any savings scheme, Bhima Gold website is offering gold jewellery today with No making charges with gold prices less than market price.

Offer is applicable only on Jewellery and not coins.

Today Malabar price per 22kt - 9065
Today Bhima Gold price 22kt - 8839

Also this offer is available only on their website - https://www.bhimagold.com/ , not store.

So it’s a triple dip - No making charges + Low gold price + Card offers.

I see the offer is only available today. But they are providing sales very often. Last week also they ran a sale like this.

I’m just sharing based on info I know, so do your own research to be safe.

Make use of it guys.

Actually you are still paying 3% as a part of making charges..

So they add making charges..

Add GST on total bill amount, Gold+ Making charges

Then deduct the making charges but we are still paying 3% and i am not sure whether that 3% is being paid to govt or kept by Bhima in their pocket...

If they keep 0 making charge instead of adding and subtracting then that 3% GST will not go from customers end..

Need to mention 2 things here

One, are bhima prices inclusive of GST? I mean in comparison gold jewellery brands

Second, 3% gst is levied on gold purchase 1.5% state + 1.5% centre, so it will be there irrespective bhima charges in making or not

 

[nikhilv0303]

Any idea on which days is this offer available for gold?

 

[sparkit]

Any idea on which days is this offer available for gold?

Mostly on weekends.

 

[Adith]

Bro, what delivery partner they are using?
Also to track, did they send you any ref no.

I actually can't remember which service was used for delivery bro.

Once you place an order , they have like 4 stages , in processing, confirmed ,packed , dispatched if I remember it right .

 

[Adith]

Actually you are still paying 3% as a part of making charges..

So they add making charges..

Add GST on total bill amount, Gold+ Making charges

Then deduct the making charges but we are still paying 3% and i am not sure whether that 3% is being paid to govt or kept by Bhima in their pocket...

If they keep 0 making charge instead of adding and subtracting then that 3% GST will not go from customers end..

They add and subtract as expected. Are you saying it's wrong ?

GST is also calculated as 3% .

 

[shashank08]

They add and subtract as expected. Are you saying it's wrong ?

GST is also calculated as 3% .

View attachment 102925

If you look taxable amount is 36568.. so you are paying GST on gold+making charges

VA Amount which is making charges are 5893 which were first added then tax is calculated and then same 5893 was given as amount.

I am not a GST expert but in normal lehmann terms I am still paying 3% GST on making charges as per this bill

So basically it is like
X +Y + 3% of X+Y - Y

Instead of

X + 3% of X

So in effect you are still paying 3% of the making charges
Now question is whether this 3% is going to govt or going into the pocket of Bhima?
Also what are the GST rules, if any which is stopping Bhima to not to consider making charges in GST calculation?

 

[Adith]

If you look taxable amount is 36568.. so you are paying GST on gold+making charges

VA Amount which is making charges are 5893 which were first added then tax is calculated and then same 5893 was given as amount.

I am not a GST expert but in normal lehmann terms I am still paying 3% GST on making charges as per this bill

So basically it is like
X +Y + 3% of X+Y - Y

Instead of

X + 3% of X

So in effect you are still paying 3% of the making charges
Now question is whether this 3% is going to govt or going into the pocket of Bhima?
Also what are the GST rules, if any which is stopping Bhima to not to consider making charges in GST calculation?

I don't know how you arrived at the fact that we are still paying 3% making charges.

Yes gst is calculated on overall amount including cost of gold and making charges. But nowhere am I paying 3% making charge. I'm paying like 180rs extra as GST yes but nowhere am I paying 3% making charge.

Cost of gold is 30602 , so 3% gst on this would be 918. With making charge it's 36568 which is basically gst of 1097.

So I'm paying excess gst of 1097-918 = 180 rs . This is around 0.75% making charge I can say. How did you arrive at 3% making charge ?

You could argue that gst should be calculated on the gold value alone and id agree , but the statement that 3% making charge is being paid is balantantly incorrect.

You are also conveniently skipping the part where the gold rate they are charging is LESSER than the days rate, in the image I shared it was calculated at 8599 when that day rate was around 8900.


On the other hand, if you are trying to say that we are paying 3% of gst for both combined but only the making charge is discounted whereas the gst component derived from adding the making charge isnt given back , WHO CARES ? I saved almost 350 rs PER GRAM, and this is 3.5 grams atleast( I also bought one more jewellery so it's damn great savings). On top of this , I saved making charges of atleast 6% . What's 180 rs in excess gst gonna do here ?

Fyi : you keep mentioning 3% as making charge which is a bit confusing. Hence the additional explanation since I'm unsure which point you are trying to put across.

 

[AllThatStuff]

I don't know how you arrived at the fact that we are still paying 3% making charges.

Yes gst is calculated on overall amount including cost of gold and making charges. But nowhere am I paying 3% making charge. I'm paying like 180rs extra as GST yes but nowhere am I paying 3% making charge.

Cost of gold is 30602 , so 3% gst on this would be 918. With making charge it's 36568 which is basically gst of 1097.

So I'm paying excess gst of 1097-918 = 180 rs . This is around 0.75% making charge I can say. How did you arrive at 3% making charge ?

You could argue that gst should be calculated on the gold value alone and id agree , but the statement that 3% making charge is being paid is balantantly incorrect.

You are also conveniently skipping the part where the gold rate they are charging is LESSER than the days rate, in the image I shared it was calculated at 8599 when that day rate was around 8900.


On the other hand, if you are trying to say that we are paying 3% of gst for both combined but only the making charge is discounted whereas the gst component derived from adding the making charge isnt given back , WHO CARES ? I saved almost 350 rs PER GRAM, and this is 3.5 grams atleast( I also bought one more jewellery so it's damn great savings). On top of this , I saved making charges of atleast 6% . What's 180 rs in excess gst gonna do here ?

Fyi : you keep mentioning 3% as making charge which is a bit confusing. Hence the additional explanation since I'm unsure which point you are trying to put across.

Yes exactly...same view point !!