Gems and Jewellery Industry Seeks GST Reduction to 1% Ahead of Union Budget

Last updated: 09 January 2025

The All India Gem and Jewellery Domestic Council (GJC) has urged the government to reduce Goods and Services Tax (GST) on the sector from the current 3% to 1% on a revenue equivalence ratio. The appeal comes ahead of the Union Budget, with the aim of easing cost burdens and encouraging compliance wi

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