News
Jewellers want small- and medium-size diamond processors exempted under GST
- Date:
- April 10, 2017
- Source:
- Business Standard
To avoid multiple taxation under the coming goods and services tax (GST), diamond jewellers have urged they be exempted from levies on the processing of diamonds. “Thousands of small and medium size units, with an estimated 100,000 work force, primarily in Gujarat, currently purchase (rough) diamonds from sightholders (authorised agents) of large global miners like De Beers, Rio…