Organised jewellery retails will get a boost in the Goods and Services Tax (GST) regime as business is likely to be weaned away from unorganised players, who account for three-fourths of the industry’s annual revenue, a CRISIL report said. The overall increase in the end price of jewellery is expected to be about one per … Read More →
The Federal Government is consulting members of the jewellery industry in order to assess the potential costs and benefits of an anti-money laundering and counter-terrorism financing (AML/CTF) regime. A spokesperson for the Attorney-General’s Department (AGD) confirmed that a cost-benefit analysis was being conducted to determine if certain business sectors posing money laundering and terrorism financing … Read More →