Jewellery · Mumbai

Jewellery ERP Software in Mumbai

Gold rate billing, hallmarking, and karatage tracking for jewellers — purpose-built for Mumbai businesses.

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₹5L Cr
India's jewellery market size
3%
GST on gold jewellery
500K+
Jewellery retailers in India

Mumbai's Business Landscape

Mumbai is India's commercial capital and houses the highest density of small and medium businesses in the country. The city's MSME ecosystem spans textiles in Dharavi, electronics in Kurla, chemicals in Bhandup, and financial services across the CBD. Maharashtra's GSTIN prefix is 27, and all businesses must register under Maharashtra GST if annual turnover exceeds ₹40 lakh.

Jewellery Challenges in Mumbai

Old gold exchange and melting accounting

When customers exchange old jewellery, the exchange value, making charges on new jewellery, and net payable must all be tracked correctly. The system handles old gold exchange transactions with proper accounting entries.

Gold rate fluctuations and billing accuracy

Gold prices change daily. Billing customers at yesterday's rate or the wrong purity creates disputes and revenue loss. ASTech ERP integrates live gold rates and calculates the invoice amount based on the current rate at the time of billing.

Mumbai: Local Factor 1

High commercial rent requires tight cost monitoring and margin tracking

Mumbai: Local Factor 2

Dense competition demands faster billing and better customer service

Mumbai: Local Factor 3

Port proximity creates import-heavy purchase cycles needing customs and bill of entry tracking

Key Modules Included

InventoryGold Rate BillingHUID TrackingOld Gold ExchangeGST

GST Compliance for Jewellery Businesses in Mumbai

Maharashtra GSTIN prefix is 27. Mumbai businesses with turnover above ₹40 lakh (services) or ₹40 lakh (goods) must register for GST. Professional Tax (PT) is also mandatory for businesses employing staff.

Frequently Asked Questions

Do Mumbai businesses need to register for GST?+
Yes. Any business in Mumbai with annual turnover above ₹40 lakh for goods or ₹20 lakh for services must register for GST. Service providers in Maharashtra must also register for Professional Tax (PTRC).
Is ASTech ERP suitable for Mumbai's fast-paced retail environment?+
Yes. The POS module handles high-volume billing with offline mode for power or internet outages, barcode scanning for fast checkout, and real-time stock updates across counters.
Can ASTech ERP handle PTRC (Professional Tax) for Mumbai employees?+
Yes. The payroll module deducts Professional Tax as per Maharashtra slab rates and generates the PTRC return data for monthly filing.
What is HUID and how does ASTech ERP handle it?+
HUID (Hallmark Unique Identification) is a 6-digit alphanumeric code on BIS-hallmarked jewellery. ASTech ERP records the HUID against each piece in inventory and prints it on sale invoices, as mandated by BIS regulations.
What is the GST on gold jewellery and how is it calculated?+
Gold jewellery attracts 3% GST on the total value (gold + making charges). Diamonds and precious stones attract 0.25% GST. ASTech ERP calculates GST correctly based on the item composition.

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The Best Jewellery ERP for Mumbai Businesses

Join jewellery businesses in Mumbai using ASTech ERP to streamline operations.

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