Jewellers ask for 1.25% GST levy on gold jewellery

Akshaya Tritiya sales did not live up to the expectations of jewellers. The business was modest, partly because of the cap on cash transactions at Rs 2 lakh. Coming so soon after the near collapse of the business during the demonetization months, the environment is now beginning to seriously worry jewellers. Traders are now seeking a special slab for gold jewellery in the goods and services tax (G…