Monday 6 March 2017

High VAT may encourage illegal trading: Kerala jewellers

Leading Kerala jewellery chains like Malabar Gold, Bhima Jewellers and Josco Jewellers are worried that the high VAT of 5% imposed by the state can result in gold being sourced through the illegal route to evade taxes. There is also a likelihood of customers turning to neighbouring states where VAT is just 1% on gold.  Read More

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