To much relief in the gold jewellery and diamond processing industry, the goods and services tax (GST) Council slashed the applicable rate on making charges from the 18 per cent decided earlier to five per cent. While announcing the decision along with similar reduction on GST rate on various other products and services, Union … Read More →
The government’s decision to exempt small scale jewellers from excise duty will give a boost to the trade, the gems and jewellery industry said on Thursday. “On behalf of GJF, we appreciate the government’s support towards the gems and jewellery industry. This will boost the trade as the industry was eagerly awaiting the clarifications on the levy of excise duty,” … Read More →