Sunday 22 November 2015

State finance ministers debate on GST rate.

GST rate will not go beyond 20 percent, it will be in between 19 to 20 percent and care will be taken that it does not hurt manufacturers, a senior government official said.
Internationally, GST rate ranges from 16 to 20 percent with a few exceptions like Austraila, Japan and Germany where the tax levied is much lower.

Sunday 8 November 2015

GJF urges government to implement GST across gems and jewellery sector.

The All India Gems and Jewellery Trade Federation *( GJF ) urged the Union Government to implement the uniform 1% GST across the entire gems and jewellery sector, since such an initiative will bring all jewellery manufacturers under one umbrella and getting the sector more organised.