News
Gold jewellers in a fix as confusion over GST levy prevails
- Date:
- April 19, 2017
- Source:
- Business Standard
The lack of clarity about how the Goods and Services Tax (GST) will be applied to gold ornaments has got jewellers in a bind. Some jewellers consider making charges as a service and show it separately in their bills. The problem is, the applicable GST rate for services is 18 per cent under the draft GST guidelines. Another section of jewellers…