Now Gems and Jewellery sector looks at GST Council with hope

All India Gems and Jewellery Trade Federation (GJF), the national body of the gems and jewellery industry, presented a set of recommendations to the Goods and Services Tax (GST) Council recently. The body believes that the industry will suffer in the long run, if the Government does not ensure that the cumulative incidence of GST is below 1.25 per cent and if one standard HSN code (up to 4 digit)…