Greater price stability
Today, if a jeweller is manufacturing the jewellery in New Delhi and selling it in Kerala, then the additional VAT is chargeable. This results in ambiguity in the system, as the jeweller will make only manufacturing bills or treat it as an unaccounted trade. The introduction of the GST would usher in greater price stability across the country.
Sulish Verma
Managing Director, Vikas Chain &
Jewellery, New Delhi
Today, if a jeweller is manufacturing the jewellery in New Delhi and selling it in Kerala, then the additional VAT is chargeable. This results in ambiguity in the system, as the jeweller will make only manufacturing bills or treat it as an unaccounted trade. The introduction of the GST would usher in greater price stability across the country.
Sulish Verma
Managing Director, Vikas Chain &
Jewellery, New Delhi
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