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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 1.29k views

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

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#gstreduction

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

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

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Nitish Kumar Sworn In As Bihar Chief Minister For Record 10th Time With PM Modi Present

Columbus Proposes Prevailing Wage Rule for Private Projects Receiving City Investment

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#gstreduction

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

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

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Nitish Kumar Sworn In As Bihar Chief Minister For Record 10th Time With PM Modi Present

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