Published 7 days ago

Jewellery Industry Calls for GST Cut to Boost Growth

Summary by Devdiscourse

Jewellery Industry Calls for GST Cut to Boost Growth The jewellery industry has appealed to the government for a reduction in Goods and Services Tax (GST) on bullion and ornaments, aiming for a decrease to 1.25% to accelerate sales and bring relief to the sector.Industry leaders argue that the current rate of 3% burdens businesses, stifles growth, and encourages unregulated trade, urging the GST Council and relevant authorities to consider a rat…

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Jewellery Industry Calls for GST Cut to Boost Growth

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