Gems & jewellery trade fully ready for GST roll-out from July

The gems and jewellery trade is fully prepared for the GST regime, to be implemented from July 1, industry body GJF said today and hoped that the Centre would levy only 1.25 per cent tax on the sector. It attracts 2 per cent tax (one per cent each of excise and VAT) at present in most states except in Kerala. "We are fully prepared to implement the GST. Our jewellers are ready. We have developed a…