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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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#jewelleryministry

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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Did Sharmila reject Jagan's request at son's wedding?

Telangana CM Revanth Reddy Defends Musi Riverfront Project, Challenges Opposition

Communities in Schools launches mental health cpr training in North Texas

Small Business Owners Struggling to Fill Jobs Amid Labor Shortages

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Andhra Pradesh Reports 12.94% Growth in Fiscal Management Under NDA Government

#jewelleryministry

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

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

Did Sharmila reject Jagan's request at son's wedding?

Telangana CM Revanth Reddy Defends Musi Riverfront Project, Challenges Opposition

Communities in Schools launches mental health cpr training in North Texas

Small Business Owners Struggling to Fill Jobs Amid Labor Shortages

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Harsh Goenka's Gold vs. Gadgets Post Wins Internet, Sparks Investment and Marriage Debate

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