Tuesday, 13 June 2017

#AOJQuote of the day 13th June 2017:

"The current tax burden on gold jewellery is merely 2% i.e. 1% tax in addition to 1% excise. With the recent revision in rates, after GST is implemented, the taxes on gold jewellery will be 3% GST in addition to 5% on making charges. We've been receiving bookings for wedding jewellery with an average purchase ticket size of 150g gold for most customers. This to buy when the price is low; five such customers on a daily basis." Jigarkumar Soni, Secretary , Jewellers Association Ahmedabad

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