News
Customers could end up paying more tax on jewellery making
- Date:
- June 4, 2017
- Source:
- Economic Times
The 3% GST rate on gold, silver and diamond jewellery came as a relief to the bullion, gems and jewellery industry, but customers could indirectly end up paying more as tax on jewellery making, especially hand-made, is 18%, like all other services. The All India Gems & Jewellery Federation (GJF) is seeking clarity on this and other issues like collecting GST from consumer who makes advance pay…