Proposal for GST under reverse mechanism draws mixed response from jewellery sector

MUMBAI: A proposal by a group of ministers for  GST  amendment on the  gem and jewellery  sector elicited a mixed response from the trade.  To plug loopholes in collection of GST or potential misuse, the GoM recommenced a 3% GST on purchase of old jewellery under the reverse charge mechanism. Also, an  E-way bill  has been mooted for intrastate movement of …