India’s diamond industry fears that the Goods and Services Tax on each level of the supply chain will starve firms of cash for daily operations, crippling businesses in the $20 billion export-driven sector. “We work on thin margins and the working capital requirement is high given the cost of dia…
Tag: Sankar Sen
Gems & Jewellery body opposes move to make PAN card mandatory for gold buying
The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) sector across India, has expressed disappointment over imposition of requirement of PAN Card on any transaction of Rs 2 lakhs and above. GJF…