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Gems and Jewellery Sector Calls for 1% GST Reduction in Upcoming Budget

The gems and jewellery industry has made a strong plea to the government to reduce the Goods and Services Tax (GST) from 3% to 1% in the upcoming Budget. According to the All India Gem and Jewellery Domestic Council (GJC), this move would reduce the industry's growing cost burden, especially amid rising gold prices, and improve affordability for consumers, particularly in rural areas. Rajesh Rokde, Chairman of GJC, emphasized that such a reduction would also promote better tax compliance

Business

08 Jan 2025 02:42 AM 1.4k views

Gems and Jewellery Sector Calls for 1% GST Reduction in Upcoming Budget

Business

Gold and Silver Prices Today: Gold at Rs 76,520, Silver at Rs 92,230

As of 7:10 a.m. today, gold is priced at Rs 76,520 per 10 grams, according to the India Bullion Association. The commodity's price recently crossed the Rs 77,000 mark but has since fluctuated. On December 2, it had dipped to Rs 76,680, reflecting the volatility in gold prices over the past month. This decline follows a period of lower demand post-festivities, with prices peaking at Rs 81,500 in October due to festive demand, before slipping below Rs 74,390 in November. Global fa

Business

06 Dec 2024 02:21 AM 1.19k views

Gold and Silver Prices Today: Gold at Rs 76,520, Silver at Rs 92,230

Business

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#goldrate

Gems and Jewellery Sector Calls for 1% GST Reduction in Upcoming Budget

Gems and Jewellery Sector Calls for 1% GST Reduction in Upcoming Budget

Gold and Silver Prices Today: Gold at Rs 76,520, Silver at Rs 92,230

Gold and Silver Prices Today: Gold at Rs 76,520, Silver at Rs 92,230

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Iran Claims Victory After US-Iran Peace Agreement

Nvidia vs AMD AI Chip Race: What It Means for AI Stocks

The Importance of Wetlands in Ecosystem Health

Upcycling and Recycling

Planning to Visit or Move to the UK? Understand the Right Visa for Your Purpose

Ayodhya Ram Temple Pran Pratishtha Phase 2 Begins

$10M Settlement Reached in Fatal Police Shooting of Sonya Massey

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#goldrate

Gems and Jewellery Sector Calls for 1% GST Reduction in Upcoming Budget

Gems and Jewellery Sector Calls for 1% GST Reduction in Upcoming Budget

Gold and Silver Prices Today: Gold at Rs 76,520, Silver at Rs 92,230

Gold and Silver Prices Today: Gold at Rs 76,520, Silver at Rs 92,230

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Nvidia vs AMD AI Chip Race: What It Means for AI Stocks

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Upcycling and Recycling

Planning to Visit or Move to the UK? Understand the Right Visa for Your Purpose

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