GST revamp: Jewellery sector’s tax rate steady at 3%; industry sees indirect gains but mixed outlook – The Times of India
Jewellers on Thursday welcomed the government’s move to reduce Goods and Services Tax (GST) rates in several sectors, saying the decision would indirectly benefit the gems and jewellery industry by boosting demand, even though the sector’s tax rate remains unchanged at 3%.“The current GST reforms (GST 2.0) offer no direct and immediate relief to gems…