“The VAT (value added tax) rate across the country is one
per cent, except 1.2 per cent in Maharashtra and five per cent in Kerala, where
under a composite scheme it comes to 1.5 per cent. If the (GST) rate is kept
high as feared, trade will shift to the unorganised sector." Nitin
Khandelwal, Chairman, All India Gems & Jewellery Trade Federation.
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