The GST Council’s decision to impose a 3 per cent GST on gold will not only make jewellery costlier but also lead to a higher incidence of illegal gold trade, industry experts have said. They also said bringing the unorganised gold sector into the GST ambit will be a challenge. “With GST, the tot…
Tag: Praveenshankar Pandya
Gem & Jewellery sector has direct impact on job creation: Nirmala Sitharaman
Union Commerce and Industry Minister Nirmala Sitharaman has said that unlike other sectors, Gem and Jewellery sector has direct impact on job creation. Speaking at the foundation stone laying ceremony of Indian Institute of Gem and Jewellery (IIGJ) Varanasi Extension Campus , she said this is one…
Jewellery export council seeks withdrawal of excise duty
With jewellers across the country on strike sinch March 2 on imposition of excise tax on jewellery, the Gems and Jewellery Export Promotion Council (GJEPC) on March 11 urged the central government to withdraw the measure. The apex body of the gems and jewellery industry which presently represents…
From slogan to reality, Step One
The event expects to attract thousands of global corporate bigwigs who will, hopefully, invest in world-class manufacturing facilities in India. It also hopes to foster the sharing of ideas that benefit the country. It is, in other words, an effort designed to take Prime Minister Narendra Modi’s …