Silk fibres have been exempted under GST. (File Photo) GUWAHATI: Five years ago, Lekha Goswami left her plum corporate job to follow her passion – designing traditional clothes and started a one-room Assamese ethnic-wear boutique. Off late, the 37-year-old has been anxiously spending inordinate amounts of time reading up on the recently launched GST – Read More →

The GST (goods and services tax) rate on gold jewellery is fixed at 3%. While it is higher than the earlier tax on gold, the GST rate is lower than expectations of a 5% rate and that is a relief. GST implementation is expected to be positive for jewellery companies in the organized market such Read More →

The clarification will provide relief to individuals selling old gold jewellery to jewellers and buying new ornaments from the consideration received. NEW DELHI: The sale of old gold by individuals for a consideration won’t attract the goods and services tax, the finance ministry clarified, providing respite to people who exchange jewellery. “Even though the sale of old gold by Read More →

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