Tuesday, 8 November 2016

Levy 1.25% GST rate on jewellery industry

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A jeweller’s body demanded that the GST rate on the jewellery sector should be 1.25 percent if the government wants the industry to be "compliant and organised". "We are now gearing up for GST and have proposed that the GST rate for the gems and jewellery sector should be 1.25 percent if the government expects the industry to be compliant and organised," All India Gems and Jewellery Trade Federation (GJF) Chairman Sreedhar G V said in a release.

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