Surat: About 50,000 jewellery artisans in the Diamond City have been rendered without work as the Good and Service Tax (GST) Council is yet to provide exemption to small units on inter-state supply of finished jewellery manufactured on job work. Industry sources said there are around 20,000 small…
Tag: Nitin Khandelwal
‘Gems & jewellery trade fully ready for GST roll out from July’
The gems and jewellery trade is fully prepared for the GST regime, to be implemented from July 1, industry body GJF said on May 16 and hoped that the Centre would levy only 1.25 per cent tax on the sector. It attracts 2 per cent tax (one per cent each of excise and VAT) at […]
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Gems & jewellery industry readies GST software
Bhopal: The gems and jewellery trade is in the advanced stage of development of the software needed for GST implementation slated to put into effect from July one this year. “The software development for GST implementation in the gems and jewellery trade is almost complete. Now the jeweller…